Some $1.5 trillion in mortgages will come due in the next two years, a potential time bomb as higher interest rates push down property values.
Why This Might Be the Year to ‘Sell in May and Go Away’
“Sell in May and go away” is an old adage in the stock market, and it might be especially applicable this year. Markets have risen significantly of late, with the S&P 500 up about 16% from a low point in early October. The gains are driven by expectations the Federal Reserve will soon pause its interest rate increases as the rate of inflation has declined, providing less incentive for the central bank to rein in economic demand. Now, the market is running into a wall. The S&P 500, at just over…
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Critical information for the U.S. trading day
U.S. regional banks hit by deposit flight as clients seek higher returns
Three major U.S. regional banks saw deposits fall in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere.
The U.S. economy is headed toward recession: That’s what the leading index keeps signaling.
Leading economic index sinks 1.2% in March and posts biggest decline in three years.