bullish

Weekly Stock Bullfinder - Week of 8/22

180 Views22 Aug 2022 08:04
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SUMMARY
  • Housing remains one of the most interest rate sensitive parts of the US economy and the rapid rise in interest rates delivered in the beginning of this year by the Federal Reserve is now being fully digested by the overall market.
  • Like an aircraft carrier turning around, it has taken several months for the reset to kickoff but patterns are now clearly emerging from incoming data and surveys that indicates the housing market froth during the peak of COVID-19 has begun to or is quickly unwinding. Take a few examples below.
  • Bidding Wars Easing One of hallmark features of the housing market the past 2 years were feverous bidding wars for properties which was supported by record low interest rates, rising stock market values, and a re-thinking of city life as new flexible work models were introduced.
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