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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: June 4, 2014
“Too expensive to attend” schools: major impediment to American progress
The average college graduate today starts their foray into adulthood with $29,400 worth of student debt. More than one-quarter of today’s 38 million student debtors is strapped with $50,000 or more. “We’re not talking about a little bit of a … Continue reading
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Lowest rates in a year not increasing mortgage demand
The low rates were not enough to boost mortgage volumes: applications to refinance a loan fell a seasonally adjusted 3 percent on the week, and are down nearly 57 percent on the year, according to the mortgage bankers survey. Applications … Continue reading
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