Blog
Stocks Look for 4th Straight Gain
S&P 500 futures are looking to open 9 points higher following yesterday’s mixed session. Sentiment is up as Q3 earnings reports began yesterday, which saw Alcoa, PepsiCo and Marriott all beat Wall Street forecasts. rnrnMeanwhile, the dollar is weaker, oil is up 1% to $70.25, gold is up at new fresh highs at $1054.71 per ounce, and commodities are 1%-4% stronger.
GSEs Testing Program to Aid Independent Mortgage Bankers
Freddie Mac and Fannie Mae are reporting to be running a pilot program to help independent mortgage banks obtain warehouse type credit. The program, currently being in conjunction with two of the GSE;s affiliates, aims to increase the credit worthiness of lenders by reducing their risks.
Mid-Day Recap: Commodities Down, Dollar Up, Stocks Flat
Stocks performed well in the Asian session on Wednesday, but trading in Europe was mixed and, at mid-day, it looks as though the US session will follow the latter’s footsteps. rnrnAs of 1:15, stocks are directionless. The S&P is down 0.12% at 1,053, the NASDAQ is up 0.01% to 2,103, and the Dow is down 0.01% at 9,696rnrnNews has been sparse as markets look ahead to the Q3 earnings session beginning today with Alcoa results after the closing bell. The only major data set for release is consumer credit, yet that won’t hit markets until the final hour
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...