Why Homeowners Insurance Costs Have Risen

Homeowners nationwide are grappling with surging insurance costs and worse, coverage cancelations. Insurance companies are becoming much more defensive as claims for property damage have soared over the past few years. Damage resulting from hurricanes, tornadoes, flooding, fires, and other …

Average Home Age Nationwide Is 40 Years

The limited supply of new homes in addition to a drop in new home construction nationwide has contributed to the average home to be 40 years old. The U.S. Bureau of Economic Analysis tracks and reports new home construction as …

Why Small Businesses Are So Important To The Economy

The country is composed of millions of small businesses from home-based one person consultants to hair salons and manufacturing companies. As defined by the SBA’s Office of Advocacy, a small business has less than 500 employees and operates independently, not …

The Wealth Effect That Drives Spending

Even as inflation and higher rates have been an ongoing hinderance, consumers remain resilient and continue to spend. The reasoning behind the confidence and tenacity of consumers is believed to be what is known as wealth effect, which is the …

Macro Overview – April 2024

A stronger then anticipated jobs report reduced chances of a Fed rate cut in June as projected by analysts. Strong labor dynamics tend to foster underlying inflation for longer periods of time, thus influencing the Fed’s decision on rate decreases. …

Rates Remain Stubborn – Fixed Income Overview

Inflationary pressures and better than expected employment data, pushed rates slightly higher in March, persuading the Fed to hold off on its rate reduction strategy. Short term rates rose as expectations for a spring or early summer rate reduction diminished. …

Equities Continue Their Advance

Many analysts believe that the current equity market is being driven by price momentum rather than earnings expansion. This is a scenario where rising prices fuel additional buying even though earnings may not substantiate it. The energy and utility sectors …

Some States Continue To Lose Workers

The pandemic brought on dramatic and instrumental changes to employment and the labor markets, some of which may be substantially lasting. Work at home positions have become widely accepted and commonplace now, as have transient workers migrating from city to …

Chocolate Is Getting Expensive – Commodity Overview

Weather and crop disease in geographic regions where cocoa beans grow, have hindered crops and stricken supply leading to elevated chocolate prices. Cocoa beans surpassed $9,000 per metric ton in March, the first time ever, with cocoa bean prices more …

Recession Looms Internationally – Global Economy

Global growth projections and changing business activity internationally, are indicating a global pullback in economic activity, with an evolving recessionary environment. Each year, the International Monetary Fund (IMF) releases a forecast of global GDP growth by country. Projections for 2024 …

Consumer Loans Are Falling – Consumer Finance Behavior

Outstanding loans among consumers have been falling since October 2022, reflecting a drop from auto loans to credit card balances. Such data can be viewed differently, either as a positive or negative result of economic circumstances and consumer sentiment. A …

Stocks Advance In February – Domestic Equity Overview

All eleven sectors of the S&P 500 Index posted positive results in February, with technology, financial, and healthcare making up the largest sectors of the index. The Dow Jones Industrial Index and the Nasdaq also posted positive gains in February. …

Macro Overview

Financial markets started the year off with an eye on earnings, the upcoming election, and developments in the Middle East and Ukraine. Markets are eagerly awaiting for the Fed to finally commence its rate reduction trajectory. Analysts vary on when …