Executive Summary Due to low mortgage rates and depressed inventory, the housing market is red hot. Investors have scooped up existing home inventory, while new single-family home sales are off their peak (see second graph). New-home prices are very high (third graph); however, if one takes a [...]

Executive Summary Since I am out of town taking a few days of R&R, I want to share an article written recently by economist Lance Roberts of Real Investment Advice. The S&P 500 Index closed at 4,327 down 0.97% for the week.  The yield on the 10-year [...]

Executive Summary Long-term interest rates, while cycling up and down over the last 35 years, have remained in a downward channel (see first graph). During the pandemic and recession of 2020, yields dropped to .5% - however escaping going negative like Japan and Europe. Many suggested inflation [...]

Executive Summary The stock market has now become a destination for speculators.  The most recent target of the market’s lure has been retail investors.  Retail investors historically have been the last to arrive and depart the party; thereby, suffering the most damage during the speculative market’s reversion [...]