Existing-home sales slipped in August, falling below the 4 million annualized pace for the first time since June 2025, while a sharp increase in inven...
Looked at in a vacuum, and up until the last few hours of the day, Friday was no better or worse than the average day over the past several months. Co...
Several headlines have contributed to a reversal in the AM weakness. These included Trump saying Iran wanted to make a deal and Iran saying the U.S. i...
Mortgage rates moved sharply higher this week, ultimately reaching their highest levels since early 2025. Most of the damage took place on Wednesday a...
Selling continues to be the path of least resistance for the bond market. Open interest data from Treasury futures suggests Friday's "short-covering" ...