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Market by Martin |
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New and Noteworthy |
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Disinflation The personal consumption expenditures (PCE) price index rose 3.8% in May on a 12-mo basis, the slowest increase since Apr '21. If you don't believe disinflation is happening, you aren't paying attention. The Fed was right to pause and needs to hold firm at these levels to prevent over-correcting and causing an unnecessary recession to fight a beast that is now under control. (Read More) |
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Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed U.S. stock indexes ticked up last week as bank shares rose after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. Shares of Wells Fargo (WFC.N) were up more than 4%. (Read More) |
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Advantage - Buyers or Sellers? Which side of the deal does this market favor right now? What if neither side has the advantage? That’s the scenario right now in Manhattan. We are seeing that new listings are "muted", resale contracts are behaving seasonally, prices are stable for resale co-ops, condo prices are up and down, and big discounts are still being offered. (Full Story) |
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Team News |
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Happy 4th of July! |
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Happy Fourth of July to you and your loved ones! We have been lucky enough to spend the last week with our family visiting from out of town and plan to be outside on Fourth of July, cooking, laughing, and making memories with our nearest and dearest. With every burger flip or weeny roast, let this day inspire us to embrace unity, diversity, and the pursuit of our dreams. Happy 4th of July, everyone! |
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