Back in April (HERE), we wrote a piece on housing in the US. Eight months later, we thought it was important to provide an update. To rewind the clock for a moment, in late April the 10-year treasury was yielding 2.87% and the 30-year fixed mortgage rate was 5.27%. At the time, existing home sales […]
With Christmas and New Year’s falling on Wednesdays, the calendar has afforded us more time to reflect on 2019. The decade ended with a bang – 2019 was the single best year in the past ten years for the MSCI All Country World index and the S&P 500 missed sharing the same status by less […]
Rarely in markets can we be completely certain of what is causing them to move. The industry joke is, “more sellers than buyers,” when equity markets head lower. We find ourselves in one of those rare moments where there is no question around what is causing the current selloff. First, a timeline: On July 31st, […]
