Blog
Retail Sales, Housing Starts, Industrial Production, Fed Speak
The week begins on a light note with no major data scheduled for release. However, one week ahead of the Federal Reserve’s Open Market Committee meeting, markets will hear three central bank officials voice their opinions on policy, regulation, and the economic outlook.rnrnEquity futures are looking to extend Friday’s losses, which put an end to five straight daily advances. Despite the slide on Friday, the benchmark S&P 500 gained 2.6% on the week as a series of fresh data points helped investors overcome the sentiment that equities were overheated. Since hitting a 12-year low in early March, the S&P 500
Fitch Releases Criteria on Servicer Risk Factors
Fitch Ratings has released the criteria by which it rates Servicers' Advance Receivables Trusts (SARTs); a derivative based on the recovery by a servicer of amounts advanced by it under various contractual agreements.
Mid-Day Recap: Equity Pull Back Puts Halt to Five Day Rally
As of 12:30, all three markets had fallen into the negative, albeit modestly. The Nasdaq is down 0.46% to 2,074, the Dow is trading 0.38% lower at 9,591, and the S&P 500 is roughly off 0.29% at 1,041.rnrnThe sell-off in equities is driven less by new data, which has been mixed today, and more by profit-taking strategies following five days of advances. It’s certainly not a bad time to sell: since early March, the S&P has increased nearly 54%. Compared to its peak in October 2007, the S&P is still down 33%, but the annual decline is now “only†16%.
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...