Freeze The Rates!!!! And Cut Them!!! WooHoo!!!!
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
In the wake of the failure of The US House of Representatives to pass the bailout bill, stock markets are crashing: The Dow is down about 470 points and the S&P about 66 as I write this. The Fear Index…
….. this is the biggest, most overt miss we can recall in 16+ years of coverage. – Jeffrey Sprague, Analyst, Citigroup It is shocking to us how weak results were across the portfolio. We’d have never expected that NBC Universal profit…
(Via BeSpoke Investment Group)
My biggest position is the Long Term Treasury ETF (TLT). After being early and getting slaughtered, TLT has rallied hard in the last two months. The reasons are tame CPI reports and the Fed Pivot. With the 10 year yield…
Blowout April ISM Manufacturing Report coming in at 60.4 – the highest level since June 2004. New orders were particularly strong at 65.7. This is in line with a bunch of other data points showing a surging recovery. See, for…
While the calendar slows down dramatically heading into the last two weeks of 2022 there are a few earnings reports worth paying attention to next week: Federal Express (FDX), Nike (NKE) and Micron (MU). Let’s start with FDX which reports…