Investment Learning

  • September 17, 2024

Homebuyers should be 'emotionally' ready to enter market

Prospective homebuyers are looking to the highly-anticipated interest rate cuts as a re-entry point back into the housing market. The coming of interest rate easements are believed to be a factor that could also cool mortgage rates. Bank of America head of consumer lending Matt Vernon joins Wealth! to give his assessment of the current US housing market, along with tips for prospective homebuyers who may decide now is the time to start looking. Vernon explains that the best time to buy is when the consumer is ready, both financially and emotionally, explaining that attempting to time the market is "never a good thing." Vernon goes on to advise homebuyers to be flexible and they should be open to various home sizes and locations when entering the market. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Jeremy Moses.

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  • September 17, 2024

Home builder confidence rises in September amid rate cuts

The Home Builder Confidence Index rose to 41 in September, up from August's reading of 39. The latest print from the National Association of Home Builders (NAHB) came in line with expectations as mortgage rates continue to cool to 19-month lows. Catalysts anchor Seana Smith breaks down the data and what interest rate cuts from the Federal Reserve could mean for the homebuilder category. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

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  • September 17, 2024

U.S. Retail Sales Data Unlikely to Impact FOMC Policy Report

According to Odaily, institutional analysts believe that the recent U.S. retail sales data is unlikely to significantly influence this week's Federal Open Market Committee (FOMC) policy report. Earlier reports indicated that U.S. retail sales unexpectedly rose in August, suggesting that the U.S. economy maintained a solid foundation for most of the third quarter. The data showed a 0.1% month-on-month increase in August retail sales, following an upward revision to 1.1% for July.

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  • September 17, 2024

U.S. August Retail Sales Show Slight Increase

According to Odaily, the United States' retail sales for August recorded a monthly increase of 0.1%, surpassing the expected decline of 0.2%. The previous month's figure was revised from 1.00% to 1.1%. The retail sales control group for August also matched expectations at 0.3%, with the prior value adjusted from 0.30% to 0.4%. Additionally, core retail sales for August saw a monthly rise of 0.1%, which was below the anticipated 0.2%, and the previous month's figure was revised from 0.40% to 0.4%.

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  • September 17, 2024

Euro Credit Default Swaps Decline Ahead Of Anticipated Fed Rate Cut

According to BlockBeats, on September 17, the euro credit default swaps (CDS) experienced a decline as the market widely anticipates the Federal Reserve's first rate cut on Wednesday. Richard Flax, Chief Investment Officer at Moneyfarm, noted in a report that market sentiment has significantly improved due to the high expectations of a Fed rate cut. Data from S&P Global Market Intelligence shows that the iTraxx Europe Crossover Index, which tracks euro high-yield CDS, fell by 5 basis points to 285 basis points. Meanwhile, the iTraxx Europe Main Index, which tracks euro investment-grade CDS, decreased by 1 basis point to 53 basis points.

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