While investors digest the latest retail quarterly earnings reports that are out this morning, their growing focus for today will be on the release of the minutes from the April Federal Reserve Open Market Committee meeting, looking for any hints concerning a rate hike.
Archiv für den Monat: Mai 2021
Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers
The big-box retailer said it is benefiting from the reopening economy and busier social calendars, which are prompting consumers to shop.
Lowe’s earnings beat on robust home improvement spending, but shares fall
Lowe’s said it saw strong demand for home improvement in the first quarter, buoyed by the growth of its business among contractors and other home professionals.
US MBA mortgage applications w.e. 14 May +1.2% vs +2.1% prior
Latest data from the Mortgage Bankers Association for the week ending 14 May 2021
Overall, housing market conditions have met a bit of moderation after having run hot last year as evident with the trend in purchasing activity over the past few months.
Overall, housing market conditions have met a bit of moderation after having run hot last year as evident with the trend in purchasing activity over the past few months.
Light bounce in crypto quickly fades, Bitcoin down nearly 10% on the day
Bitcoin bounced from $38,500 to $40,500 but has fallen back to $39,000
From a technical perspective, this is a very slippery slope for Bitcoin if the drop today breaks below both the $40,000 mark and its 200-day moving average. If sellers can manage that, a push towards $30,000 isn’t out of the picture next.
From a technical perspective, this is a very slippery slope for Bitcoin if the drop today breaks below both the $40,000 mark and its 200-day moving average. If sellers can manage that, a push towards $30,000 isn’t out of the picture next.