Despite this year's rout in both
stocks and bonds, investors still aren't selling. We will
likely need to see that change before the final bottom is
put in. |
00:01 - 19/09/22 |
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"This Is The
Sharpest Turn In The Housing Market Since The 2008 Crash" As
Mortgage Rates Soar Above 6% |
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The 30-year mortgage rate in the US has
moved above 6% for the first time since November 2008, more
than doubling over the last year |
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GOLDMAN: The S&P multiple (white line) “has been largely
been right in step with the move in US rates (blue line,
inverted) ... the ‘P’ has been the issue this year, not the
‘E’ .. the current gap could suggest that stocks are at risk
for another de-rating ..” |
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Prices paid measures falling. Supply chains healing.
Stocks
falling. Commodities falling. Everything coming into place,
except consumer prices
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