Market Morsels: Mortgage Spread
The spread between the 10 year and the 30 year mortgage is starting to normalize. If this continues and mortgage rates keep coming down, housing could turn soon and start adding to GDP:
The spread between the 10 year and the 30 year mortgage is starting to normalize. If this continues and mortgage rates keep coming down, housing could turn soon and start adding to GDP:
Crude oil futures have returned to backwardation after a couple of months of contango. Near-term demand improved relative to supply. https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html#venue=globex The crude oil chart looks like it is setting up for a rally:
Alhambra CEO Joe Calhoun explains why Alhambra still isn't invested in the S&P 500.
Alhambra CEO Joe Calhoun discusses investor fear over debt, deficit, and interest expense.
Alhambra CEO Joe Calhoun details the effect Covid had on the U.S. Economy.
Alhambra CEO Joe Calhoun explains why Alhambra has REITs in its portfolios, even in this high-interest rate environment.
Alhambra CEO Joe Calhoun discusses stock market valuation, whether the market is overvalued or undervalued, and how Alhambra Investments arrives at that conclusion.
Joe explains why he thinks rates are about to peak. He also does some teaching about the correlation between interest rates, GDP, Nominal GDP, and more.
The US economy was supposed to be in recession by now, right? The yield curve inverted almost a year ago and a slew of other reliable recession indicators have been flashing red for some time. Why not this time? Could the unprecedented response to COVID be to blame? Joe Calhoun connects the dots in the 7th issue of Follow the Money, [...]
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