Home sales fell in April despite a big drop in mortgage rates
A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued … Read more
april
Japan April exports came out WORSE than expected (to be fair only marginally).
Good morning🌻: Japan April exports came out WORSE than expected (to be fair only marginally). April in Asia: Japan -2.4%China -2.7%India -0.6%Indonesia -13.1%Singapore NODX -10%Korea -2%Taiwan -3.3%Vietnam 7.5% 👏🏻 Thailand … Read more
Chicago Fed “Index Points to Slower Economic Growth in April”
via calculatedriskblog: From the Chicago Fed: Index Points to Slower Economic Growth in April Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from … Read more
China Car Sales Tank 16.6% In April, Falling For A Record 11 Months In A Row
via zerohedge: No country has better exemplified the global automobile recession than China. Sales for the world’s largest auto market continue to deteriorate, with the latest report confirming that passenger vehicle … Read more
Fed’s QE Unwind Continues at Full Speed in April
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Fed sheds $46 Billion, Total QE Unwind Reaches $580 Billion. Assets drop to lowest level since Nov 2013. In April, total assets on the Fed’s balance … Read more
Global PMIs weakened again in April, trade volumes down for 2 consecutive quarters
Global PMIs weakened again in April (still above 50) pic.twitter.com/nZYLwvcY23 — Daniel Lacalle (@dlacalle_IA) May 3, 2019 Global trade volumes down for 2 consecutive Qs now (worst since GFC)@nationalbank pic.twitter.com/1z5SIjVLwI … Read more
Probably Nothin’: Heavy Truck Orders Down 57% In April
via Zerohedge: North American Class 8 net order data shows the industry booked 14,800 units in April, down 57% from a year-ago. The number also marks a sequential decrease of … Read more
Construction Spending Heading South—Housing Down 11% Since April 2018 Peak… Mortgage Refis In Biggest Crash Since 2013
By David Stockman Total residential construction spending dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally adjusted annual rate of … Read more
The Most Splendid Housing Bubbles in America, April Update
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, … Read more
Most Anticipated Earnings Releases for the week beginning April 29th, 2019
by bigbear0083 Here are the most notable earnings releases for the trading week beginning April 29th, 2019. (CLICK HERE FOR THE MOST ANTICIPATED EARNINGS CALENDAR FOR THE NEXT 5 WEEKS) … Read more
Most Anticipated Earnings Releases for the week beginning April 22nd, 2019
by bigbear0083 Since the markets will be closed tomorrow for Good Friday, I figured I’d go ahead and throw the earnings post up a day earlier than usual. Keep in … Read more
It’s Only April, And U.S. Retailers Have Already Closed More Stores Than They Did ALL Of Last Year
by Michael Snyder If the U.S. economy is in good shape, why have retailers already shuttered more stores than they did in all of 2018? Not only that, we are … Read more
Beware The Ides Of April–Massive April 15 Tax Payments May Drain Brokerage Accounts
via themarket: My estimate is that over $360 billion in non-withheld income taxes will be paid to the US Treasury this April; approximately $86 billion or one third more than the … Read more
Most Anticipated Earnings Releases for the week beginning April 8th, 2019
by bigbear0083 Here are the most notable earnings releases for the trading week beginning April 8th, 2019. (CLICK HERE FOR THE MOST ANTICIPATED EARNINGS CALENDAR FOR THE NEXT … Read more
WW3 Could begin in next fortnight – “India may attack Pakistan in mid-April, Islamabad says”
The Indian military may attack Pakistan sometime in less than two weeks, Pakistani Foreign Minister Shah Mahmood Qureshi claimed citing “reliable intelligence.” The two nuclear powers had a major flare … Read more
No Joke: Sales Tax Increasing In 51 California Cities On April 1
SACRAMENTO (CBS13) – Starting Monday, sales tax in 51 California cities – including four in the Sacramento area – is increasing. Sacramento, West Sacramento, Roseville and Lodi will see new … Read more