The Epstein Egregore

Despite Tumbling Rates, US Home Price Acceleration Slowed In January US home price acceleration slowed significantly in January (according to the always lagged and smoothed Case-Shiller indices). After rising 0.50% MoM in December, the price of homes in America's to 20 cities rose just 0.16% MoM in January (the lowest MoM rise since August and well below the 0.35% MoM expected)... Source: Bloomberg This left the 20-city composite index up just 1.18% YoY - the lowest since July 2023. "Price levels remain elevated, but the rate of appreciation has slowed materially," according to Nicholas...

President Volodymyr Zelensky is concerned that a protracted conflict in the Middle East will limit the number of weapons that are provided by Western countries to Ukraine.  Zelensky informed reporters via WhatsApp on Monday that  a long war between the US and Iran “will certainly affect supplies.” “So far, everything is going as it was, […]

UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict). And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 (51.0 exp) - its highest since February... "With the second straight month of 10% jumps," said UMich Dirctor of Surveys, Joanne Hsu, pointing out that "consumer...