Simple, Strong Correlation With Oil Leaves Yields Lower
Simple, Strong Correlation With Oil Leaves Yields Lower There's no sense in overcomplicating today's trading session. Oil was down significantly and so were bond yields. The correlation was very strong after 4am ET with each major peak and valley aligning. Econ data was present, but not a relevant c
Democratic AGs sue HUD over fair housing guidance
A coalition of Democratic attorneys general, led by California and Illinois, have sued the Department of Housing and Urban Development over a guidance that they argue will scale back enforcement to strict federal standards and threaten state funding to enforce fair housing laws.
Homebuilder confidence nudges up but remains below par
Homebuilding business executives maintain a guarded outlook on the homebuilding market, amid tepid demand, shrinking profit margins and weak consumer sentiment. The ongoing conflict with Iran could further complicate the outlook for builders. The National Association of Home Builders (NAHB)/Wells F

Pamela Heman
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