U.S. economy is on the cusp of another Roaring ’20s, says UBS
"By early 2025 only the most pessimistic investors will need rose-colored glasses to see a clear path to a Roaring ’20s outcome," a UBS analyst says.
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Now’s the time for investors to add more bonds to their portfolios. Here’s why.
A significant shift in the trading relationship between stocks and bonds is under way. Similar situations in the past have boosted returns for investors who owned both, according to an analysis from Verdad.
Home Sales Drop 4.2% Year-Over-Year, But Prices Rise 3.1% Setting Record. What Is Going On?
In real estate sales, the basic law of supply and demand holds that the more buyers there are in the marketplace, the more inventory will be depleted, causing home prices to rise. Conversely, when the number of buyers wanes, the inventory of listed ...
U.S. Stocks Seen Lower Ahead of U.S. Inflation Data as China Remains in Focus
U.S. stock futures were pointing to slight losses early on Friday. American equity markets looked set to take a breather ahead of the release of the Federal Reserve’s preferred inflation gauge, despite continued gains in Chinese markets. S&P 500 futures were losing 0.1% and Nasdaq 100 futures were down 0.3%.
The Best Bond Moves to Make in an Era of Lower Interest Rates
Intermediate Treasuries and investment-grade corporate bonds are the sweet spot now, and high-yield bonds and collateralized loan obligations are attractive. Where to find the best returns.
US pending home sales hover near record low in August, NAR says
The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, rose 0.6% last month to 70.6 from July's 70.2, which was the lowest reading since the series started in 2001. On a regional basis, pending home sales rose in the West, South and Midwest, while falling in the Northeast. "A slight upward turn reflects a modest improvement in housing affordability, primarily because mortgage rates descended to 6.5% in August," said Lawrence Yun, the NAR's chief economist.
U.S. Stocks Set to Rise Ahead of Jobless Claims Data
The market will be paying attention to the reaction to Micron Technology’s earnings and the release of weekly initial jobless claims. Dow Jones Industrial Average futures were rising 156 points, or 0.4%. S&P 500 futures were gaining 0.7% and Nasdaq 100 futures were up 1.3%.
China Cut Rates on Existing Mortgages. Why Such Relief Isn’t Likely in the U.S.
The Chinese economy is being dragged down by tumbling property values, and the government is stepping in to boost economic growth. U.S. home prices continue to climb.
US Mortgage Rates Fall Again, Triggering Big Wave of Refinancing
(Bloomberg) -- Applications to refinance mortgages surged for a second week as more Americans capitalized on the cheapest borrowing costs in two years.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesExclusive Palo Alto Girls School Borrows $106 MillionWaiting for the Miracle of Church-to-Housing DevelopmentWhere Cargo Bikes Are Freeing Cities From Polluting VansNY’s MTA Warns Against Borrowing More Than $13 BillionThe Mortgage Bankers Association’s refin
Stock market today: Wall Street drifts to more records after Chinese stocks soar
U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The movements were tentative, though, and the index wavered up and down following a surprisingly weak report released in the morning on confidence among U.S. consumers. The Dow Jones Industrial Average added 83 points, or 0.2%, to its own record set the day before, while the Nasdaq composite gained 0.6%.