Hello everyone. Yesterday, the reported home prices(S&P CoreLogic Case-Shiller) surprised me a bit by a 17% annual increase. Nationally, home prices were 16.6% higher than in May 2020, the highest reading in the past 30 years. That gave me a hint of a rising inflation. Due to the hot demand and limited supply, home prices may continue to go up for the next few months.
As the US 10Y yield rate suggested the expectation of future economy growth and inflation, the drop of the yield happened in yesterday, may tell us how weak the economy will be in the future.
Btw, I just read the news on CNBC that fully-vaccinated U.S. and EU citizens will no longer have to quarantine when traveling to England. It will be effective from next Monday. I have a sense of feeling the cases may surge soon because delta variant is so powerful that even the full-vaccinated people can be infected.
However, the weaker the economy is, the later the Fed starts to taper. That definitely gives momentum for stock market around the world, especially US market.
FOMC statement will be released later today in the US time zone. We may find a clue then.
Give me a like if you're with me. Thank you for your support.
As the US 10Y yield rate suggested the expectation of future economy growth and inflation, the drop of the yield happened in yesterday, may tell us how weak the economy will be in the future.
Btw, I just read the news on CNBC that fully-vaccinated U.S. and EU citizens will no longer have to quarantine when traveling to England. It will be effective from next Monday. I have a sense of feeling the cases may surge soon because delta variant is so powerful that even the full-vaccinated people can be infected.
However, the weaker the economy is, the later the Fed starts to taper. That definitely gives momentum for stock market around the world, especially US market.
FOMC statement will be released later today in the US time zone. We may find a clue then.
Give me a like if you're with me. Thank you for your support.
評論:
Further down to retest previous low.
plan your trade and trade your plan
