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Hurricanes in the headlines {Market Update} September 11th

Hurricanes in the headlines {Market Update} September 11th
September 11, 2017 abryant

People tell me there are plenty of fish in the sea. Well that is nice and all but I’m human, I don’t date fish.

People who say they sleep like a baby usually don’t have one.

If swimming is so good for your figure, then how do you explain whales???

I’m not crazy, my reality is just different from yours.


Now the Market Update . . .


Traders sought the safety of bonds this week after concerns rose over North Korea’s nuclear ability. The bond rally helped keep mortgage rates low.

Hurricane Harvey has caused jobless claims this week to rise to a 2-year high. The weekly increase of 62,000 was the largest since November 2012.

Fed officials have come out this week saying that lack of inflation is a problem. Without inflation, it is unlikely that the Fed will raise policy rates again this year.

More on The Economy:

Despite the recent disruption to oil production from Hurricane Harvey, and the impending landfall of Hurricane Irma, investors continue to believe in the strength of the American economy.

There is potential for the positive sentiment to rapidly change with the instability of what is happening with North Korea along with the aftermath of Irma, but for now investors appear to be holding steady.


After a brief improvement in June, pending home sales fell slightly in July. Sales aren’t expected to improve much without an increase in inventory.

Hurricane Harvey is expected to cause rents in Houston to increase as much as 10%. Home prices are also expected to jump due to even lower inventory.

NAR is urging Congress to continue the National Flood Insurance Program, set to expire Sept. 30. Without it, 40k home sales per month could be disrupted.


I hope the guy who invented autocorrect burns in hello!


Next week’s potential market moving reports are:

Tuesday, September 12th:        JOLTS Report

Wednesday, September 13th:   MBA Mortgage Applications, Producer Price Index

Thursday, September 14th:       First Time Jobless Claims, Consumer Price Index

Friday, September 15th:            Retail Sales, Industrial Production, Consumer Sentiment