“Nothing goes wrong in a straight line.” This is how functional markets adapt to a new reality: higher inflation, rates. By Wolf Richter for WOLF STREET. There was a lot of talk and hesitation and the Fed kingpin fantasized about the 10-year Treasury yield falling from 4.25% at the end of October to 3.51% at …
(Bloomberg) – Stocks pared most of their losses as traders didn’t want to make big bets ahead of Jerome Powell’s speech on Wednesday. Bloomberg’s Most Read Gains in energy and financial companies tempered a decline in big tech. Amazon.com Inc., which sells investment-grade debt securities, saw its shares tumble. Trading volume was lower than last …
Stocks close lows ahead of Powell speech: Market recap Read More »
What a difference a year makes! In 2021, the worst drop suffered by investors was a 5% subaltern fade in the benchmark S&P500 (^GSPC 0.92%). This year, the S&P 500 has anchored itself in a bear market, with a 28% decline from peak to trough. Additionally, he produced his worst first-half comeback since Richard Nixon …
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Check out the November 9, 2022 mortgage …
Current 20-Year Mortgage Rates Plunge to 7-Week Lows | November 9, 2022 Read More »
