I mean, you were wrong about the pope,
and wrong about Trump,
and wrong about the Obama Mafia,
and wrong about Katie Hobbs,
and wrong about Ukraine aid,
and wrong about Javier Milei,
but damned if you’re not the little engine that could.
I think you just might be onto something this time!
I see a surge at least for 2024. All
The indicators are there and they have an election to win.
Fed has committed to at least 3 rate cuts in 24, which equates to a minimum of .75 basis point swing downward and possibly up to 2% if they get aggressive.
Oil is on the downward swing as well which will mean mortgage rates will fall with them (high correlation btw the 2).
There is still capital on the table and that means with lower mortgage rates, home purchases and mortgage apps will increase.
The only real fly in the ointment is the wars that are flickering in the wind. They just bombed Yemen. Now troops are being sent into Iraq to fight ISIS who is now immediately, and suspiciously on the rise again. You have Ukraine still there and Taiwan is always on the short list of firecrackers to go boom suddenly.
And amazingly, every news outlet and social media outlet out there reporting about ufo’s and uap’s and congress just got a briefing on “inter-dimensional beings.”
My read is that this is all being framed for when they try to steal it…. They need a quick war, whether human or alien or inter-dimensional, to distract the outraged public with.