Mortgage Rates Continue To Rise

Mortgage Rates Continue To Rise

Headwind.  The national average for a 30yr. fixed rate mortgage has reached 4.69%, highest level since Q1 of 2011: Another headwind, rising prices at the pump.  The USO(United States Oil Fund) is up 22% from its summer lows: Bankrate.com chart courtesy of...
Welcome To Rocktober

Welcome To Rocktober

Since 1998 no month has been stronger than October: It’s a midterm year.  How have stocks performed historically in the 4th quarter? October is number 1, November #2, December #3: And, it’s likely to be a volatile month.  During the last quarter the...
Ten Year Highs

Ten Year Highs

After seven years of maintaining a 0% Fed Funds rate, the Federal Reserve began a new tightening cycle in late 2015.  After 8 rate hikes over the last two and a half years the 3-month U.S. Treasury Yield reached a ten year high as September came to a close.  Quite a...
U.S. Steel Strengthens

U.S. Steel Strengthens

Shares of U.S. Steel have been trading in a narrow pattern since a nasty post earnings breakdown back on August 2nd.  The stock dropped over 10% that day on very heavy trade, its third 10% plus decline this year.  Shares continued to drift lower in early August...
Chart of The Day

Chart of The Day

This chart has been making the rounds today.  The percentage of Americans that view economic issues as the most important problem is at the lowest level in a very long time. This certainly has to have Nobel Prize winning economists across the globe quite perplexed. ...