When Should We Start Welcoming In The Disappointment Phase?

As Malls Continue March to Extinction, Commercial Property Index Falls

“Leverage is why the Fed has been worried about the bubble in CRE.”

Job Openings Fall 176,000, Led By Food Service & Construction Workers

The latest JOLTS report showed an unexpectedly large contraction in the labor market, as the number of job openings dropped from a downward revised 6.228 million to 6.024 million, a 176K slide, as the series becomes increasingly volatile.