Prices of New Houses v. Prices of Existing Houses: Why Sales of New Houses Hang in there as Sales of Existing Houses Plunge by Wolf Richter • Feb 26, 2024 • 134 Comments Price Cuts and mortgage-rate buydowns, though costly for homebuilders, make new houses more attractive.
Nvidia, the WTF Chart of the Year. Tesla also Had WTF Charts of the Year before Shares Plunged by Wolf Richter • Feb 24, 2024 • 218 Comments Because these share prices are a state of mind. And when that state of mind changes – see Tesla.
We Have a Boom in Reverse Stock Splits to Keep the Ballooning Imploded Stocks Listed a While Longer: This Stuff is Just Funny by Wolf Richter • Feb 23, 2024 • 60 Comments Meanwhile, massive trading in hundreds of imploded stocks that still haven’t been delisted inflates overall market trading volume.
This Housing Market is Still Frozen by Wolf Richter • Feb 22, 2024 • 173 Comments Median price of existing homes dropped further, high was June 2022, demand collapsed, active listings highest in 4 years, days on market rise.
Japan’s Nikkei 225 Stock Index Hits New All-Time High after 34 Years, Thank You Hallelujah Bank of Japan Money Printing by Wolf Richter • Feb 22, 2024 • 79 Comments But if you invested USD three years ago following Buffett’s hype, you lost 5% because the yen crashed, thank you hallelujah BOJ.
The Fed Wants to Drive QT as Far as Possible Without Blowing Stuff Up, and it’s Working on a Plan: FOMC Minutes by Wolf Richter • Feb 22, 2024 • 121 Comments QT-1 blew up the repo market. This time around, the Fed wants to avoid that type of debacle so it wouldn’t have to “prematurely” end QT-2.
Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High by Wolf Richter • Feb 21, 2024 • 203 Comments Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around.
Walmart and Total Ecommerce Sales in the US by Wolf Richter • Feb 20, 2024 • 80 Comments The share of US ecommerce sales in Q4 hit a record, surpassing the crazy days of 2020 for the first time.
Some of the 49 Small Banks Heavily Exposed to Bad Multifamily CRE Loans May Topple, but their Size Limits Contagion: Fitch by Wolf Richter • Feb 19, 2024 • 92 Comments Multifamily lending ballooned 32% from early 2020, powered by low interest rates and soaring rents. Now there’s a price to pay.
Higher for Longer Inflation & Interest Rates Not Over Until the Fat Lady Sings? Waiting for the 2-Year Treasury Yield to Overshoot by Wolf Richter • Feb 18, 2024 • 214 Comments Four decades of history say it’s not over until the 2-year yield overshoots the EFFR. It has undershot for a year, and inflation is taking off again.
