Source: National Association of Realtors US pending home sales edged lower by 4.1% to an index of 104.9 in February, the fourth straight month that the contract signings have registered losses. SPY is up +0.45%, DXY is down -0.21%. Only the Northeast reported an increase in pending home sales in February, while the three other major regions of the US posted a … [Read more...] about Pending Home Sales Fall For the Fourth Straight Month in February
USA
US Mortgage Rates Climb to Three-year High 4.42%
Source: Bloomberg United States mortgage rates continued to climb further, reaching the highest level in over three years. XHB is down 1.19%, while ITB is down 1.32%. The 30-year average loan rate jumped to 4.42% from 4.16% in the past week, reaching the highest level since January 2019.The 30-year monthly payment on a $300,000 loan now stands at $1,506, up from the … [Read more...] about US Mortgage Rates Climb to Three-year High 4.42%
US Private Sector Growth Hits Eight-Month High in March
Source: Markit Economics The private sector in the United States expanded by an eight-month high in March, as firms recorded growth in activity upturns during the month. QQQ is up 0.56%. The headline Flash US PMI Composite Output Index increased to 55.9 in March from 58.5, reflecting its fastest expansion rate since July 2021.Firms recorded more new orders, driven mainly … [Read more...] about US Private Sector Growth Hits Eight-Month High in March
US Trade Deficit Fell by $2.0 Billion in the Fourth Quarter of 2021
Source: Bureau of Economic Analysis The current account deficit gauging the trade balances on goods and services and income flows in the US closed the fourth quarter of 2021 at $217.9 billion, down 0.9% or $2.0 billion. SPY is up +0.53%, DXY is up +0.28%. Following the decline in trade deficit, the balances are now 3.6% of the gross domestic product in current-dollar … [Read more...] about US Trade Deficit Fell by $2.0 Billion in the Fourth Quarter of 2021
US-Made Goods Orders Climb for Ninth Straight Month in January
Source: US Census Bureau New orders for US-made manufactured goods grew at a faster pace in January, marking the ninth straight month of expansion. QQQ is up 0.56%. New orders increased by $7.6 billion or 1.4% to $544 billion from $536.7 billion in the previous month. Durable goods climbed 1.6% to $277.6 billion, transportation up 3.4% to $87.7 billion, and … [Read more...] about US-Made Goods Orders Climb for Ninth Straight Month in January
