Markets

The housing market will see a flood of inventory once mortgage rates hit 5%, according to Compass CEO Robert Reffkin. Inventory is tight now as 70% of homeowners are locked into mortgage rates below 4%, leaving many hesitant to sell. The average rate on the 30-year fixed mortgage slipped to 6.67% the past week. Loading… Continue reading A flood of housing inventory will hit the market once mortgage rates hit this key level, Compass CEO says

BlackRock highlighted five mega-trends to watch for in its mid-year report. These include AI, energy transitions, an aging population, and geopolitical tensions. Concerning AI, the firm sees data-heavy companies as underappreciated winners. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. BlackRock, the… Continue reading BlackRock says these 5 ‘mega forces’ are about to change how to invest

Apple could soar past its $3 trillion valuation and hit $4 trillion by 2025, Wedbush said. Analysts expected double-digit revenue growth thanks to the iPhone 15 and Vision Pro developments. Wedbush maintained its outperform rating and $220 price target on Apple stock. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Apple is set to soar past a $3 trillion market cap, and the tech giant could be worth $4 trillion by 2025, Wedbush says

A housing rebound could be underway, according to three key indicators, Charles Schwab said. High mortgage rates have hurt housing demand, sending the market into a deep freeze. But builder sentiment, sales, and affordability are showing signs of picking up. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Here are 3 signs the housing market may be rebounding

Paul Krugman defended President Joe Biden’s economic track record Wednesday. Inflation has fallen to just 4% in the US, while the jobs market has remained resilient. “America now stands out as having been much more successful than other major economies in bringing inflation down,” Krugman said. Loading Something is loading. Thanks for signing up! Access… Continue reading Nobel economist Paul Krugman defends Bidenomics, touting the US’s success in taming inflation

S&P CoreLogic’s national home price index climbed in April from the prior month, marking three straight gains.  Miami, Chicago, and Atlanta saw the steepest annual price gains in March, data showed Tuesday. “If I were trying to make a case that the decline in home prices that began in June 2022 had definitively ended in… Continue reading The housing market is showing signs of a rebound – and home prices are climbing in these 3 cities the most

Bearish signals in the stock market are beginning to percolate following the S&P 500’s rally, according to Bank of America.The bank highlighted various technical signals that have yet to confirm the breakout in stocks.”Dow Theory has yet to confirm a primary bull market from late 2022,” Bank of America said. Loading Something is loading. Thanks… Continue reading These are the bearish signals investors should monitor to stay ahead of a potential sell-off in stocks, according to Bank of America

The economy is likely headed for a “tropical storm” that will entail at least a mild recession, Nouriel Roubini said. The “Dr. Doom” economist warned even a shallow downturn could hurt stock prices and result in damage. Previously, he’s sounded the alarm for a stagflationary debt crisis to hit the US economy. Loading Something is… Continue reading ‘Dr. Doom’ Nouriel Roubini says the world economy is headed for a ‘tropical storm’ that will cause significant financial damage