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A big gap between S&P earnings and price … the Toxic Trifecta are back on the move north … everything is recalibrating except stocks … catch the replay of last night’s AI event with Luke Lango
USD/JPY jumping beyond 150 (150.5) triggered several verbal FX warnings from Japanese officials. Later today, the calendar in US and EMU is thin, but markets will look out for the assessment of Fed governors after the US CPI beat. Tomorrow’s US retail sales is the next real highlight.
High mortgage rates weighed on potential buyers.
Home prices were generally on the rise in 2023, but declined slightly in November.
Home prices were generally on the rise in 2023, but declined slightly in November.