Stocks fell on Wednesday, dialing back earlier gains as investors continued to digest the latest U.S. inflation data.
Nearly every community in the U.S. is feeling the effects of an overvalued housing market, particularly in some smaller cities in states like Idaho and Tennessee where many sought out a new home during the pandemic.
Newsfeed: Here are the top 25 most overvalued housing markets in the US Read More »
While Powell may remain oblivious to the stock market turmoil crushing momo daytraders and billionaire Tiger cub “hedge funds” who have no idea how to trade when the Fed is not propping up their books, once the equity chaos spreads to bonds and other credit products, that’s when the Fed always begins to panic.
In the week ending May 5, mortgage rates rose for the eighth time in nine weeks. 30-year fixed rates jumped by 17 basis points to 5.27%. 30-year fixed rates slipped by one basis point in the week prior.
Newsfeed: US Mortgage Rates Spike Again as the Markets Respond to the Fed Read More »
After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined with $100+ oil, is paying off with record cash flows for American oil producers.
Newsfeed: U.S. Shale Swings From Losses To Record Cash Flows Read More »
Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book …
Newsfeed: Rickards: Collapse Is Happening Before Our Eyes Read More »
Mortgage rates in the U.S. resumed their upward climb, reaching the highest level since August 2009.
Newsfeed: U.S. Mortgage Rates Jump to 5.27%, Highest Since 2009 Read More »
Federal Reserve Chairman Jerome Powell beat back the market’s most aggressive predictions for the path of interest rates Wednesday, setting off a dovish surge in stocks and bonds.
Newsfeed: Bond Turmoil Threatens to Erupt Anew With Inflation Haunting Fed Read More »
Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded.
In times of Treasury turmoil, the biggest investor outside American soil has historically lent a helping hand. Not this time round.