Weekend Update
Date
- 03/08/2024
Market Update
- Quarterly 1 GDP shows growth of 1.6% instead of the 2.5% estimated.
- Personal spending rose 2.5% instead of 3%.
- Pending home sales rose 3.4% in March, expected is .3%
- PCE comes out today, but prediction is that is will decline from 2.8 to 2.7%.
- NAR forecasts housing starts will rise in 2024 and even more in 2025.
- Initial jobless claims fell 5000 to 207,000 and long term claims decreased as well.
7/26/2024
PCE came in this morning. It wasn’t as low as we’d hoped, but mortgage-backed securities are actually doing ok and going the right direction.
7/12/2024
Fed members seem to be leaning towards a rate cut. We may be on the cusp of things turning around finally!
5/31/2024
-PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.
5/24/2024
The market is going back and forth. We make some progress and then it reverses.
5/10/2024
There is not a ton of news for this week, but the big CPI report comes out next week.
