Today’s Stock Market Update After the year-end Santa Claus Rally failed to materialize, you had to know stock prices would come roaring back. This morning, the Dow Jones, NASDAQ, S&P 500, and Russell 2000 are all up strongly. When Tom Lee misses the forecast, you know it’s a tough stock market to understand. But anytime…
Stock Market Forecast for the Next 6 Months The six-month forecast period puts us past the 3 month spring period through to June where the economy might be picking up significant speed. Forecasts for the Dow Jones average for any time in the coming year are very scarce. It seems bank and investment company analysts…
US Home Foreclosures Take an Upturn in July Tens of millions of Americans financed or refinanced their homes during the Covid Pandemic downturn. And this year and next, they’ll be forced to renew at much higher lending rates. It’s expected to be only a small factor in the 5 year housing market outlook, and likely…
The US Needs Lower Interest Rates Now The current situation for the economy and the stock market is one of worry or fear over the US FED damaging the economy and ruining current investments and future business investment. The FED was late reacting to inflation which the US government created. Now it’s overshooting with smiles…
Summer 2024: A Much Stronger Season As spring approaches and with kids nearing the end of their school year, people begin thinking about moving and buying another home. Homeowners have had considerable time to be psychologically prepared to move, and are likely content with the price they believe they’ll get. But it is always April,…
3 Month Stock Market Outlook Today, January 20th, 2021, the US welcomes a new President who is pro-American, Pro-business and anti negative-regulations, with low taxation as a preference to stimulate investment. The next 3 months might begin slowly as consumers, wage earners, and US businesses escape the doldrums of the last 5 years for a…
US Jobs Outlook The bungling of the recent jobs report is a sign of trouble with the current government and a sign the job market is troubled. The current report showed only 266,000 jobs created when almost 1 million were expected. This is a disaster. There are some job market and economic hurdles to deal…
Home Prices will Rise this Fall The housing market is the darling child of the economy right now as low mortgage rates combined with changes in employment are driving home sales. Up in Canada (Toronto and Vancouver) July saw record home sales as Realtors are seeing boom times for sales again. And in many regions…
Manhattan Real Estate The news right now about the New York real estate market couldn’t be worse. The state is reeling from a plague of bad events that could conceivably topple the state and city governments. The work at home, Corona Virus exodus from Manhattan doesn’t seem to be stopping, and with the fall season…
Is the Post Pandemic Economic Recovery Underway? As we approach June, the final month of the 2nd quarter, is it too early to speak about the economic recovery? The optimism of the stock market could help encourage more companies to resume business and for more employees to earn a pay check again. Earning a pay…
Why Are There So Few Toronto Homes for Sale? The shortage of houses for sale is a topic has been discussed well on this housing blog for many years now. Not enough pressure has been put on government to promote housing market health. Instead, political ideologies have suppressed the market and now these shortages were…