BAML has just called a peak in home sales, more than 40% of all U.S. corporate bonds have the lowest investment-grade credit rating, the next market event will make January/February look small

BAML has just called a peak in home sales! Citing declining affordability (makes sense given rising mortgage rates = headwind), housing market underperformance as economy grew (relative terms). @mtmalinen @LizAnnSonders … Read more