Who’s blowing their budgets? {Market Update} April 9th

Life has its ups and downs, use the ups to overcome the downs!

You can only get smarter by playing a smarter opponent.

To someone else, we are someone else.

How can you tell me to never say never when you just said never?

I could act normal, but it would be acting and it wouldn’t be normal.

Now The Market Report . . .

Factory activity slowed in March, but growth in the manufacturing sector is still going strong. More companies showed signs of expanding than shrinking.

Tariffs on goods from China continued to dominate the headlines this week. Trade war concerns have helped keep mortgage rates from rising.

Jobless claims were up on the week, but jobless rolls fell to the lowest level since 1973. A tightening labor market could boost wage growth, leading to inflation.

Construction spending was up in February after being unchanged in January. Spending on private residential projects increased 0.7%, after falling in January.

Home buyers are blowing their budgets to snag their dream houses as prices rise. A third of buyers spent an average of $16k more than they planned.

Rising home prices may keep some out of the market. A recent Freddie Mac survey finds 67% of current renters view renting as more affordable than owning.

Optimist: The glass is half full.

Pessimist: The glass is half empty.

Mother: Why didn’t you use a coaster?

This week’s potential market moving reports are:

Tuesday, April 10th:        Producer Price Index

Wednesday, April 11th:   MBA Mortgage Applications, Consumer Price Index

Thursday, April 12th:       First Time Jobless Claims

Friday, April 13th:            Consumer Sentiment, JOLTS Report

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