Democrats Are Not In Good Shape For The Midterms

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...

"Blockbuster Week" Preview: Fed, ECB, BOJ On Deck, Earnings Avalanche, GDP, PCE Tomorrow marks exactly two months since the strikes on Iran began. As DB's Jim Reid writes, while there is currently a rolling, open ended ceasefire that started on 8 April, the risk of it collapsing at any point remains real. Just as the weekend news looked like it was leaning negatively though, last night reports came through that Iran have offered the US a fresh proposal to reopen the strait and end the war. However as Axios and...

John Fetterman Reveals Who's Really The Leader Of His Party Sen. John Fetterman (D-Pa.) sat down for an interview on the "All-In Podcast" this week and made a telling admission about the Democratic Party. When co-host David Friedberg asked Fetterman point-blank, "Who do you think leads the Democratic Party today?" the Pennsylvania senator didn't flinch. "Oh, we don't have one," he said. "I think the TDS, that's the leader right now. You know, right now our party is governed by the TDS.” Fetterman then described what that governance actually looks like in...