Realty Income (O) does not like the rising rate environment, particularly when it comes amid worries about the real estate market and amid the broad bear market in equities. Here’s Bank of America’s favorite REITs, by the way. The Federal Reserve continues to raise rates, most recently by 0.75 percentage point. At the same time,… Continue reading Realty Income Off for 6th Week as Yield Swells; Here’s the Chart
Home Prices Start to Slip as Mortgage Rates Soar
It looks like the tide might be gradually starting to turn for the housing market. The S&P CoreLogic Case-Shiller Home Price Index dipped 0.3% in July from June, the largest monthly decline since November 2014. To be sure, prices soared 15.8% in the 12 months through July, but that’s still a slowdown from 18.1% in… Continue reading Home Prices Start to Slip as Mortgage Rates Soar
David Rosenberg: Make no mistake, the Fed is guiding us into a credit crunch
Tightening into monetary contraction, a soaring dollar and a deeply inverted yield curve are prelude to market crash U.S. Federal Reserve chair Jerome Powell has hiked interest rates aggressively, just about the most on record in a short period. Photo by REUTERS/Kevin Lamarque There is no way the current unrest is about the consumer or… Continue reading David Rosenberg: Make no mistake, the Fed is guiding us into a credit crunch
Liz Truss tax cuts unleash $500 billion U.K. market selloff
Pound falls to record low amid chatter about emergency action by the Bank of England Author of the article: Bloomberg News Sagarika Jaisinghani The new prime minister of the U.K., Liz Truss, has implemented a series of tax cuts she promised during her campaign to take over from Boris Johnson. Photo by Getty Images The… Continue reading Liz Truss tax cuts unleash $500 billion U.K. market selloff
This New Sustainable ETF’s Pitch? Give Back Profits. | Kiplinger
investing Newday’s ETF partners with UNICEF and other groups.Feel like society and the environment are beginning to break down? There’s an ETF for that. Newday Impact’s Sustainable Development Goals ETF (SDGS) delivers a growth-oriented product that promotes dual impact, promising to advocate for environmental and social improvements and donating 10% of revenues to global youth… Continue reading This New Sustainable ETF’s Pitch? Give Back Profits. | Kiplinger
UK finance minister will meet with Wall Street banks after the newly unveiled mini-budget sparked panic in markets and sent the pound plummeting
The UK Chancellor of the Exchequer Kwasi Kwarteng is scheduled to meet with Wall Street execs, Wednesday. Kwarteng is conducting outreach about the UK’s newly announced mini-budget, Bloomberg reported. The pound dropped to a record low with investors spooked by the plan that includes £45 billion in tax cuts. Loading Something is loading. The UK’s… Continue reading UK finance minister will meet with Wall Street banks after the newly unveiled mini-budget sparked panic in markets and sent the pound plummeting
Hedge fund manager who is up 145% this year says the British pound isn’t done falling after hitting record low
The British pound could fall further and reach parity with the US dollar, according to hedge fund manager Crispin Odey. “I don’t think you can start getting bullish on sterling,” the founder of Odey Asset Management told the Financial Times. His firm’s flagship European hedge fund is up about 145%, mostly after shorting government bonds… Continue reading Hedge fund manager who is up 145% this year says the British pound isn’t done falling after hitting record low
The US economy could be grappling with deflation in the next 6 months, and the Fed could be forced to pivot in the face of demand destruction, ARK Invest’s Cathie Wood says
The US economy could be grappling with deflation in the next six months, Cathie Wood said Tuesday. She warned the Fed could be underestimating demand destruction, meaning future rate hikes won’t be necessary. That could lead the central bank to pivoting from its rate hike policy soon. Loading Something is loading. The US economy could… Continue reading The US economy could be grappling with deflation in the next 6 months, and the Fed could be forced to pivot in the face of demand destruction, ARK Invest’s Cathie Wood says
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