by mark000
That is so optimistic I can only laugh.
The rate the 2y yield is increasing we could see an inverted yield curve in as little as 3 months. Seems like the tightening cycle is in the very late stages.
86% of S&P 500 Will Be in Share-Buyback Blackout Period as of October 5
A steady stream of robust earnings and economic data has virtually zapped volatility from U.S. stocks, but a coming freeze on share buybacks could challenge the market.
Companies typically don’t repurchase their own shares in the month before reporting quarterly results due to regulations, and with the third quarter coming to an end, 86% of the S&P 500 will be temporarily restricted by Oct. 5, according to Goldman Sachs analysts led by David Kostin.
After 33 Straight Months of Declines, CA Housing Inventory Rises for 5th Straight Month
Here is some data from the NAR and CAR (ht Tom Lawler)
| YOY % Change, Existing SF Homes for Sale | ||
|---|---|---|
| NAR (National) | CAR (California) | |
| Sep-17 | -8.4% | -11.2% |
| Oct-17 | -10.4% | -11.5% |
| Nov-17 | -9.7% | -11.5% |
| Dec-17 | -11.5% | -12.0% |
| Jan-18 | -9.5% | -6.6% |
| Feb-18 | -8.6% | -1.3% |
| Mar-18 | -7.2% | -1.0% |
| Apr-18 | -6.3% | 1.9% |
| May-18 | -5.1 | 8.3% |
| Jun-18 | -0.5% | 8.1% |
| Jul-18 | 0.0% | 11.9% |
| Aug-18 | — | 17.2% |
Read more at https://www.calculatedriskblog.com/2018/09/california-housing-market-falters-for.html#G2RHc27liC1woPep.99
https://twitter.com/OccupyWisdom/status/1041433877003345921
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
2 views