Q1 2024 Active Management Review: Momentum And Growth Factors Outperform

Home Market Outlook Today's Market Q1 2024 Active Management Review: Momentum And Growth Factors Outperform. Another strong quarter in markets led to another stellar performance for the Momentum and Growth factors. The Momentum factor was the standout performer across all regions. Low Volatility was the worst performing factor in the quarter.

Mortgage rates continue to rise, homebuyers adjust

Should You Invest in the Invesco Building & Construction ETF (PKB)?

Mortgage Pain Has Not Peaked Yet

Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year. In Canada, where fixed mortgage rates are back above 5%, March home sales and prices were mostly unchanged month-over-month. Oxford Economics forecasts that mortgage payments will increase by another 6% to $156 billion by the end of 2024 in Canada. The hardest hit will be low to medium-income households.

Why Homebuilder PulteGroup Shares Are Higher Today

PulteGroup, Inc. Shares are trading higher after the company reported first-quarter FY24 results. Revenue stood at $3.95 billion, beating the consensus of $2.58 billion. Reported home sale revenues rose 10% Y/Y to $4.8 billion.

ITB, DHI, LEN, PHM: Large Outflows Detected at ETF

Weekly Report: what happened at ITB last week (0415-0419)?

A Hawkish Pivot

U.S. Equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs. The S&P 500 declined another 3.1% this week. High-flying technology stocks were particularly hard hit. Earnings season is off to a shaky start for office REITs.

Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

REIT Earnings Preview: Delay And Pray

Analysts Forecast 10% Upside For The Holdings of ITB

Why Builder D.R. Horton Shares Are Surging Today

D.R. Horton reports better-than-expected second-quarter FY24 financial results. Sales grew 14% Y/Y to $9.1 billion, beating the consensus of $8.3 billion. The company issued guidance for FY24 revenue to $36.7 billion to $37.5 billion.

Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?

Interest rates surged last week on the back of a hotter-than-expected inflation report. The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in October of last year. Gold has been setting new highs, trading above $2400.

U.S. Housing Downturn Deepens as Mortgage Rates Rise, Manufacturing Sees Uplift

U.S. Housing starts fell by 12.4% in March due to rising mortgage rates and a shortage of existing homes for sale. The overall housing starts plummeted by 14.7%, the largest decline since April 2020. The manufacturing sector is showing signs of recovery, suggesting a potential turnaround for the sector.

Weekly Report: what happened at ITB last week (0408-0412)?

Anatomy Of A Recession Update: What's Different About This Cycle?

Jeffrey Schulze, Head of Economic and Market Strategy at ClearBridge Investments, discusses the updated ClearBridge Recession Risk Dashboard. He says immigration has increased the growth potential of the US economy more than usual. He also shares his views on US equities and the impact of the Magnificent Seven.

Property stocks drop as hot inflation data weigh on rate-cut bets

Real estate and mortgage-linked stocks drop as hot inflation data weigh on rate-cut bets. Hot inflation data spurred markets to price in delayed interest-rate cuts by the Federal Reserve. The March CPI report showed continued strength in rents. Homebuilders were among the biggest losers in Wednesday's late morning trading.

New Home Prices Fall, Still Unaffordable For Most American Households

In February 2024, the median new home price sold in the United States fell to $400,500. Even at the lowest price recorded since June 2021, it still remains out of reach for the typical American household. The mortgage payment for a typical new home sold has consistently exceeded the 28% basic affordability threshold.

5 Favorite Sector ETFs of Q1 Earnings

Is SPDR S&P Homebuilders ETF (XHB) a Strong ETF Right Now?