Is improvement in the labor market undoing equities?
Per Bloomberg News, equity investors are a bit jittery:
U.S. stocks declined, giving the Standard & Poor’s 500 Index (SPX) its first three-day drop since June 12, amid growing speculation the Federal Reserve will pare bond purchases this year as the economy strengthens.
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
