• March 1, 2017
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• realestatelife

There’s a growing divergence between the optimism seen by stock market traders, business executives and consumers, and actual economic activity. The Atlanta Fed’s GDPNow model for GDP growth, which mashes 13 subcomponents together, was cut on Thursday to 1.8% from 2.5%, marking its lowest forecast for the quarter. The biggest culprit was the weak consumer

• February 28, 2017
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• realestatelife

Investors will be closely eyeing the president’s first address to a joint session of Congress Tuesday night for details of his economic-growth plan.

• February 28, 2017
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• realestatelife

4th QTR GDP was revised from 1.9% to 1.9%, the market was expecting 2.1%. A slight miss, but it matches the first release of this data. Generally, not a major market mover as this is old data and will be revised again.

• February 28, 2017
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• realestatelife

February Chicago PMI 57.4 vs. estimates of 53.0. Any reading above 50 is expansionary and this is a big beat…this is generally negative for interest rate pricing.

• February 28, 2017
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• realestatelife

February Consumer Confidence 114.8 vs. estimates of 110.9. Another very strong reading, generally a tad negative for interest rate pricing.

• February 28, 2017
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• realestatelife

The Dow halted a 12-session streak of record closing highs as U.S. stocks capped the session lower. Investors are awaiting more clarity on policy promises from President Donald Trump who will deliver his first address to a joint session of Congress Tuesday night.

• February 28, 2017
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• realestatelife

New York Fed President William Dudley on Tuesday said that “animal spirits have been unleashed a bit” in the wake of the presidential election, pointing to the rise in the stock market. Bond yields spiked after Dudley’s comments were reported with the two year yield rising to 1.26%. The dollar also jumped. In addition odds

• February 28, 2017
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• realestatelife

In a speech the Santa Cruz Chamber of Commerce, Williams said he was confident the economy would continue to grow at a healthy pace even as the central bank raises rates. “The aim is to keep the economic expansion on sound footing – not too hot, not too cold —that can be sustained for as

• February 27, 2017
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• realestatelife

Business investment got off to a poor start in 2017 aside from the aerospace industry, perhaps a sign businesses are awaiting new policies by the Trump administration before acting. January Durable Goods Orders 1.8% vs. estimates of 1.7%. Ex Transportation -0.2% vs. estimates of 0.5%.

• February 27, 2017
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• realestatelife

January Pending Home Sales -2.8% vs. estimates of 0.8%. Tighter inventory is dragging on contracts but not a factor in pricing today.