Stocks have further downside potential, Bank of America strategists said. That’s because a recession and credit event could be in store before the Fed eases monetary policy. Bond yields are soaring as markets adjust to the outlook of higher-for-longer interest rates. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Stocks have more room to fall as a recession, credit event lay ahead before the Fed eases policy, Bank of America warns
Is China really dumping Treasury bonds and sending yields higher? A former US official explains the mystery
China is not actually dumping its stockpile of US bonds, former Treasury official Brad Setser wrote. A large part of China’s holdings are not accounted for in official US data, he said. While it has sold some Treasurys, Beijing has also bought up US debt in the form of agency bonds. Loading Something is loading.… Continue reading Is China really dumping Treasury bonds and sending yields higher? A former US official explains the mystery
The economy just won’t slow down, and it’s the worst possible outcome for markets right now
The US economy is running hot and markets are in a panic about it. The September jobs report blew past economists’ expectations, with 336,000 jobs added last month. Stocks slumped and bond yields surged as investors brace for higher for longer interest rates. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading The economy just won’t slow down, and it’s the worst possible outcome for markets right now
The NFT market may be nearly worthless – but Starbucks is hoping there’s appetite for digital pumpkin spice lattes
Starbucks is selling pumpkin spice latte NFTs to commemorate the 20th anniversary of the seasonal beverage. The $20 digital stamps came out on Thursday via Starbucks Odyssey, the company’s Web3 platform. A analysis emerged in September that showed 95% of the NFT market may now be worthless. Loading Something is loading. Thanks for signing up!… Continue reading The NFT market may be nearly worthless – but Starbucks is hoping there’s appetite for digital pumpkin spice lattes
Stock market ‘beatings shall continue’ before investors see relief on bond yields as the Fed won’t come to the rescue
Bond yields are unlikely to retreat until stocks drop further, Barclays said. The Fed won’t to help calm the bond market, and will instead stay on its tightening course. “The only way the Fed could help longer yields is by hiking so aggressively that markets are convinced a recession is imminent and rush to buy… Continue reading Stock market ‘beatings shall continue’ before investors see relief on bond yields as the Fed won’t come to the rescue
America’s biggest cities have 5.5 million empty homes
There are 5.5 million empty homes across the 50 biggest US metros, LendingTree reported. The study showed the US’s 50 largest metro areas have a vacancy rate of 7.22%. New Orleans had the highest vacancy rate at 13.88%, followed by Miami, and Tampa, Florida. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading America’s biggest cities have 5.5 million empty homes
Stocks will be significantly higher by year-end, and high bond yields and inflation aren’t as bad as they seem, Fundstrat says
Stocks are still on track to end the year “significantly higher,” Fundstrat’s Tom Lee said. That comes despite a recent pullback, with equities closing September with the worst losses of the year. But yields are bound to come down eventually, Lee said, which is a positive for stocks. Loading Something is loading. Thanks for signing… Continue reading Stocks will be significantly higher by year-end, and high bond yields and inflation aren’t as bad as they seem, Fundstrat says
The housing market is following a similar playbook from the 1980s when mortgage rates doubled. Here’s what it could mean for homebuyers today.
The US housing market is showing parallels to the 1980s, when mortgage rates doubled.Bank of America highlighted that both periods had strong pent-up demand due to demographic trends.Here’s what this could mean for the housing market today, according to Bank of America. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The housing market is following a similar playbook from the 1980s when mortgage rates doubled. Here’s what it could mean for homebuyers today.
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