Fiat Lux
(and what to do about them)
says Vanguard, up from the current 4.63%. Rising rents continue to be the boogie man in the inflation fight. Investors had piled into Treasuries late last year, betting on a swift easing cycle from the Federal Reserve. Still, as incoming data has pointed to persistent strength in the US economy, the market has turned against them. Avoid (TLT).
consistent with a healthy job market. The median forecast in a Bloomberg survey of economists called for 215,000. Continuing Claims, a proxy for the number of people receiving unemployment benefits, were also little changed at 1.81 million in the week ended April 6.
says DR Horton (DHI) with a red-hot earnings report. New home building still has a big advantage with their backdoor discounts like free upgrades and subsidized mortgages.
in March to 4.19 million units on a signed contract basis. Inventories rose 4.47% to a 3.2-month supply, up 14% YOY. The median price of an existing home sold in March was $393,500, up 4.8% from the year before. Regionally, sales fell everywhere except in the North, where they rose 4.2% month-to-month. Sales fell hardest in the West, down 8.2%. Prices are highest in the West.
drop 0.3% versus 1.1% expected after increasing by 0.2 percent in February. Over the six-month period between September 2023 and March 2024, the LEI contracted by 2.2 percent—a smaller decrease than the 3.4 percent decline over the previous six months.
Published today in the Mad Hedge Global Trading Dispatch, the Mad Hedge Technology Letter, the Mad Hedge Biotech and Health Care Letter, the Mad Hedge AI Letter, and Jacquie’s Post:
Global Trading Dispatch
(APRIL 16 BIWEEKLY STRATEGY WEBINAR Q&A)
Mad Hedge Technology Letter
(AI AND LOWER EMPLOYEE WAGES)
(TSLA)
Mad Hedge Biotech & Health Care Letter
(A RARE OPPORTUNITY OR A PROBLEMATIC DEBT-ACLE?)
(AMGN), (LLY), (NVO)
Mad Hedge Jacque's Post
(INVESTORS' INTERPRETATION OF DATA MOVES THE MARKET – OPPORTUNITIES ARE SETTING UP)
Mad Hedge AI
(AGI: THE NEXT BIG THING...OR JUST ANOTHER TECH HYPE JOB?)
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