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No reason to fear! {Market Report} April 16th

No reason to fear! {Market Report} April 16th
April 16, 2018 abryant

 

He who falls into the water doesn’t drown, but the one who stays in it does.

Give a man a piece of cake and he can eat it, give a man two pieces of cake and he can have his cake and eat it too.

When in doubt, mumble.

Those who do not know, do not know that they do not know.

 

Now The Market Report . . .

 

Minutes released from last month’s FOMC meeting show the Fed still plans on 2 more rate hikes this year. Inflation is a concern, as is a trade war with China.

Consumer prices fell for the first time in 10 months in March, mainly due to cheaper gas prices. However, underlying inflation continued to increase.

A tightening labor market is also expected to contribute to higher inflation this year. Jobless claims fell once again last week, despite a slowdown in job growth.

 

Over 32% of consumers surveyed by Fannie Mae say it’s still a good time to buy a home. Almost 39% say it is a good time to sell a home.

CoreLogic recently found rising debt-to-income ratios among buyers. This could reflect confidence in the economy and comfort with higher monthly debt obligations.

Single-family homes were the fastest growing type of rental between 2007 and 2016. Their share of the rental market increased by 31% in the last decade.

 

Friggatriskaidekaphobia is the fear of Friday the 13th (named after Frigg, the Norse goddess after whom Friday is named in English).
What would make Friday the 13th even scarier? If it were on a Monday.

 

This week’s potential market moving reports are:

 

Monday, April 16th:         Retail Sales, Housing Market Index

Tuesday, April 17th:        Housing Starts, Industrial Production

Wednesday, April 18th:   MBA Mortgage Applications

Thursday, April 19th:       First Time Jobless Claims, Leading Economic Indicators

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