Managing Equity and Markets

Follow me
By
Mortgage and Lending - Watermark Capital - NMLS #311662
RECENT BLOG POSTS
We saw last Friday’s jobs come in lower than expectations, however, the unemployment number ticked lower to 3.5%. With a labor market this “strong”, the Fed will have no choice but to keep rates up longer than expected.Remember, the Fed believes that a strong labor market, along with increased w...
08/07/2023
The Fed did exactly what markets expected and raised rates by 25bps. During his speech, Chairman Powell continued to say that the Fed will be making future interest rate decisions based on the economic data. Two days after this speech, the Fed’s preferred inflation report, the PCE, came in lower...
07/31/2023
We have an important week ahead of us. The Fed is meeting this week and announcing its rate decision on Wednesday. Markets are betting that there will be close to a 100% chance of a 25bp rate hike. Housing data last week showed signs of slowing from the month before. Economic indicators are lower...
07/24/2023
We are coming off a rebound week with regard to interest rates. The week before we saw a jump in rates due to the strong labor market numbers. Remember, the Fed wants a weaker labor market before it cuts rates. Right now, the labor market remains the main data point for the Fed to continue its r...
07/17/2023
  Annual inflation in the US rose 3% in June, marking the smallest year-over-year rate increase since March 2021, according to government data released yesterday. On a monthly basis, inflation grew 0.2% in June. Both figures are lower than analyst expectations of 3.1% growth year-over-year and 0....
07/14/2023
In a development that raises a glimmer of hope for those pushing for the Federal Reserve to leave its benchmark interest rate alone, consumer prices saw their smallest annualized gain in more than two years in June, according to the U.S. Bureau of Labor Statistics.The Consumer Price Index (CPI), ...
07/14/2023
This past, short week was a very rough one for interest rates. ADP employment came in way higher than expected (close to 200k jobs over estimates) and the Fed’s minutes from June showed a very hawkish tone. Friday’s unemployment rate came in a tic lower at 3.6% too. The 10-year jumped up (will sh...
07/10/2023
Mortgage rates fluctuated significantly to open 2023. In the first half, the average 30-year fixed rate went as low as 6.09% on Feb. 2 and climbed up to 6.79% on June 1, according to Freddie Mac.The range can be largely attributed to the Federal Reserve’s ongoing fight against inflation, juxtapos...
07/03/2023
Last week Fed Chair Jerome Powell reiterated what he said the week before when the Fed paused rate hikes. He said that there can be 2 more rate hikes this year. Although the Fed raised rates at a record pace last year it takes a while for the economy to really feel the effects of the increased ra...
06/26/2023
I am often frustrated by perceptions that drive Mortgage rates that are contrary to reality. Reactions to things that have no basis have caused everything from huge rallies to collapses.But this morning I realized that things completely out of your control can severely harm a company.Logitech mak...
06/21/2023
Rainmaker
609,220

Matt Brady

One of San Diego's Best Equity Advisors
smartphone858.342.8659
Contact The Author