In Partnership with Annex
Home Sales. Off slightly. What’s that mean?
Sales of existing homes in dropped 3.4% in May according to the National Association of Realtors, the weakest reading since June 2020.
What do you know about the new tax cut and how will it affect me?
What do you know about the new tax cut and how will it affect me?
A “normal” housing market by July?
More than 25% of homes currently on the market have cut their prices. But that’s not unusual.
The Fed steps it up
The 75 basis point increase in the short-term lending rate is the largest since August 1994.
No relief from PPI. Next up, tomorrow’s Fed decision.
The plan was for half-point jumps in June and July as long as data came in as expected. That is no longer the case.
The Wealth Effect meets inflation
Higher interest rates weigh on stock prices. It’s a backdoor way of reducing people’s income via the Wealth Effect.
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Target misses the bullseye
Their $15 billion of inventory is 43% higher than a year-ago. Much of it was late to arrive because of supply chain issues.
GDP goes negative as inflation takes its toll
Corporate earnings rose - and the nominal GDP increased. But when calculated including inflation, GDP was down in Q1, and recent FAANG earnings led the markets downwards. Annex Wealth Management's Dave Spano and Derek Felske discuss.
Proctor & Gamble has pricing power
While Netflix subscriber outlook has grabbed many headlines, Proctor & Gamble, the consumer goods giant beat expectations in Q1....
