Smiling bulls. Frowning home buyers. The end of falling back and springing forward?
Three things that happened last week that have bulls smiling – (LPL Research)
Based on the data highlighted in this piece, investors should be happier 6 – 12 months from now. LPL does note that if we get a recession later this year, all bets are off. Right now they think a recession is a low probability event. Most, but not all, of the indicators I look at agree with them.
Will 4% mortgage rates “halt the housing market”? (Calculated Risk)
One thing that could help tip the economy into recession is a big slowdown in the housing market. Housing related spending accounts for nearly 20% of the U.S. economy so a pullback in this area could be an issue. Mortgage rates have been on the rise recently and are now above 4%. This article does a nice job discussing the potential impact.
Why permanent daylight-saving time is bad for your health (Wall St. Journal)
Who does it surprise that our politicians chose the wrong time to make permanent.