Managing Equity and Markets

We have a big week ahead of us. We receive the last inflation reports before the Fed's interest rate decision next week. The market is betting on a 100% probability of a rate cut and the odds of a 50bp cut have been inching up slowly. With the Fed pivot about to take place, it makes sense for the...

When Chairman Powell said this in Jackson Hole it was a long time coming!“The time has come for policy to adjust,” Mr. Powell said during the Kansas City Fed’s annual conference at Jackson Hole in Wyoming. “The direction of travel is clear, and the timing and pace of rate cuts will depend on inco...

I have been closely watching rates and blogging weekly about how the Fed is making decisions and trying to figure out when they will make the cuts they promised. Well according to the revised job numbers, the reasons for most of their decisions have been based on false numbers.The U.S. economy ad...

We had two inflation reports come in last week (PPI & CPI) and all aspects of the report either came in at expectations or below them...which is good for rates. The Fed has said repeatedly that they need continued confidence that inflation is trending in the right direction. These reports help pr...

Hi Rainers,I was speaking to a long-time Realtor partner about solutions for the sale of his investment property and effective use of the funds with a lower tax consequence.  He specifically wanted information on how a buyer could use a reverse mortgage to purchase his home. After some discussion...

Last week Monday, we experienced saw panic on a global scale. Markets reacted sharply and returned to equilibrium during the remaining days of the week. The markets were begging for Fed intervention but ultimately it was a promise from the Bank of Japan that they will no longer raise rates. Mortg...

Sorry for the delay this week, I had a slip and fall that cracked a rib. You can see by the chart above that rates are trending down.A lot has happened in the last week that has had huge implications for US markets. Here is a very quick breakdown of a few things that occurred.First off, Japan rai...

I have lived in San Diego since 1977 and my wife is a native. Between us, we have owned over 20 properties including five in Del Mar. We moved to Santaluz in Rancho Bernardo 12 years ago and fell in love with the community.One of our friends has put their home on the market and I just had to shar...

Inflation (CPI) came in much lower than expected. The month-over-month (MoM) expectation was that inflation would tick up 0.1%. Instead, it decreased by 0.1%. This is a huge shift in the winds and a glorious moment to embrace as the battle against inflation continues. Year over year (YoY), CPI wa...

Rates have been on a roller coaster the past few weeks and were able to retrace lower last Friday after a higher-than-expected unemployment rate. There were slightly more jobs added than expected (206k vs 200k) but still below last month's 218k. The unemployment rate last month came in at 4% and ...