Weekend Update

Date

Market Update

  • Used care prices fell .1 year over year and fell .8% in February. Car sales play into inflation numbers
  • Powell said if the Fed waits too long or cuts too little, it can cause economic slowdown and hurt job market…duh.
  • Rent is causing inflation numbers to stay high as this hasn’t really decreased as hoped.
  • Equity rose  8.6% year over year!!  Woohoo!
  • 1.2% of all homes have negative equity which is a pretty low number.
  • Jobless claims remains about the same, employers are trying to keep employees.
  • However, continuous claims rose and it is the second high number since Nov 2021. It’s hard to find a job once you lose one.
  • January and February had the largest amount of layoffs since 2009 so some of the numbers are lagging.
  • BLS report comes out today for the month of February. Estimated 200,000 job creations.
  • Most likely will be revised. Market reacts to the BLS report and not so much the revisions. 

3/8/2024

Used care prices fell .1 year over year and fell .8% in February. Car sales play into inflation numbers

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2/9/2024

Bonds are a little down right now so we recommend locking at the moment Congressional Budget Office says the deficit is no 1.6 T. They think it will increase 60% in the next 10 years if nothing was added. That is extremely unlikely.

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05/26/2023

Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.

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01/26/2024

Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.

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