Back in September, before the much hoped for Trump "renaissance" of Wall Street, we presented two pictures that summarized the recent transformation of the US financial sector from a trader- to an algo-centric one.
They're giving it all they've got!! Bob Pisani said that Dow 20,000 was "inevitable.. we'll do it at tomorrow's open"...
Via Dana Lyons' Tumblr,
A popular bond fund is hitting a key price level that may finally produce a long-awaited bounce.
Paul Krugman wants you to know that, in his view, the markets are misinterpreting "Trumponomics" and because he is far smarter than you, the markets, and pretty much anyone else, it's important to pay attention.
Of course, this shouldn't be terribly surprising as Trump could literally announce that he found a cure for cancer and Krugman would immediately take to the New York Times to pen an op-ed defending malignancies, and how its eradication would mark the end of "hope" for mankind.
Zillow is rapidly catching up with where the rest of the mortgage providers offer 30 Year Fixed Rates Mortgages, and as it reported moments ago, the 30 Year Fixed in the Zillow Mortgage Rate Monitor rose from 3.94% to 4.1% in the week ended today.
As we reported previously, the latest Wells 30Year Fixed refi rate is now 4.625%, with the overall complex about 100 bps higher from where it was just a few months ago. The move prompted none other than Frddie Mac to issue a warning about the future of the housing market.