The financial markets are currently navigating a complex landscape, shaped by the latest releases of crucial economic indicators. The recently unveiled Federal Open Market Committee (FOMC) meeting minutes, coupled with the most recent figures on Building Permits and Housing Starts, have provided investors with a nuanced, and at times contradictory,
The financial markets are abuzz with renewed speculation regarding a potential interest rate cut by the Federal Reserve, following the release of a surprisingly weak July jobs report. This critical economic data, which revealed sluggish labor market growth and downward revisions to previous months' figures, has significantly altered the landscape
Detroit, MI – Rocket Companies (NYSE: RKT), the parent company of Rocket Mortgage, has witnessed a significant surge in its stock price, fueled by robust second-quarter earnings, optimistic third-quarter guidance, and a surprising resurgence in the starter home segment of the housing market. This upward trajectory signals a potential turning point
Today we got a taste of that as markets re-price the impact of the Fed rate cuts due to kick in in a few weeks. A strong barrage of selling hit stocks - flattening marquee growth and tech names, especially.
