The European Central Bank (ECB) has expressed alarm about a possible bubble in the stock market related to artificial intelligence (AI). In its semi-annual financial stability review, the ECB noted that the stock market, especially in the United States, is increasingly dependent on several companies considered leaders in the field of AI. This concentration raises…
by Calculated Risk on 11/20/2024 02:33:00 PM Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the…
by Calculated Risk on 11/20/2024 12:35:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI October 2024: Business conditions at architecture firms begin to moderate The AIA/Deltek Architecture Billings Index (ABI) score for the month was 50.3, meaning that the share of firms that…
The main events by the morning: November 20 Source link
by Calculated Risk on 11/19/2024 08:57:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • During the day: The AIA’s Architecture Billings Index for October (a leading indicator for commercial…
Please check our products: https: Briefing Doc: The Biology of Risk-Taking in Financial Markets Main Theme: The book explores the impact of human biology, specifically hormones and neurochemicals, on risk-taking behaviour in financial markets. Coates argues that our understanding of economic behaviour is incomplete without considering the biological factors driving traders’ decisions. Most Important Ideas/Facts:…
by Calculated Risk on 11/19/2024 03:53:00 PM From housing economist Tom Lawler: According to CME FedWatch, the “market-based” probability that the FOMC will cut its federal funds rate target by 25 bp at its December meeting is about 59%. Folks will also play close attention to the release of the FOMC’s Summary of Economic Projections…
by Calculated Risk on 11/19/2024 11:58:00 AM I’ll have more on port traffic once Los Angeles releases their data for October. From the Port of Long Beach: Port of Long Beach Reaches All-Time Record in October The Port of Long Beach moved nearly 1 million cargo containers in October, achieving its strongest month in its…
by Calculated Risk on 11/18/2024 06:53:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Didn’t Move Much Over The Weekend The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week. …As for the risk…
by Calculated Risk on 11/18/2024 05:20:00 PM From the MBA: Share of Mortgage Loans in Forbearance Increases to 0.47% in October The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. According to MBA’s estimate, 235,000 homeowners are…