The traditional year-end rally may have started with last week’s liftoff on Wall Street, as the Fed’s rate hikes start to bite and the economy shows signs of slowing. Investors hope the economy slows just enough to reduce inflation. The stock market seems to have bottomed, as short sellers panicked and…
Tag: mortgage
As Fed Plays with Fire, Focus on Strength, Ignore Intraday Volatility, and Expect the Unexpected
There is only one way to survive this market. Focus on strength. Ignore the intraday volatility. And always expect the unexpected. The stock market remains in a stubborn trading pattern, with nearly equal measures of strength and relative weakness. On the one hand, many hedge funds remain short stocks. Their…
Mortgage Rates Drop, But Affordability Is Still Low
Despite the Federal Reserve raising its benchmark interest rates by 75 additional basis points in its continued effort to curb runaway inflation, mortgage rates have started to fall-but some economists are warning that homebuyers who still can afford to do so shouldn’t expect that to last. According to CNBC, following…