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.
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.
Here is some data from the NAR and CAR (ht Tom Lawler)
|YOY % Change, Existing SF Homes for Sale|
DON’T LET LOW #MORTGAGE DELINQUENCY RATES TRICK YOU..
During #housingbubble 1, delinquencies spiked as prices declined. This recovered just as housing bubble 2 became inflated.
The bottom line is that delinquencies were low during the 1st bubble too
— OW (@OccupyWisdom) September 16, 2018