Let’s stop using interest rates to throttle people with mortgages
It’s largely by chance that the Reserve’s need to jam on the demand brakes has coincided with the worst shortage of rental accommodation in ages, thereby spreading the squeeze to another third of households. Had this not happened, the Reserve would have needed to bash up home buyers even more brutally than it has.
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Read MoreNasdaq, S&P 500, Dow: FOMC & CPI Data Could Shift Markets, Eyeing Inflation at 2.9%
The Dow Jones Industrial Average (DJIA) concluded the week at $38,632.30, showcasing stability with negligible change throughout the period. The established pivot point at $38,742.74 becomes a critical marker for future movements, with immediate resistance levels identified at $38,807.45, $38,890.37, and $38,983.64 potentially capping upward trends.
Support levels are found lower at $38,573.34,
Read MoreIs It Too Late to Buy Fiverr International Stock?
Shares of Fiverr International (FVRR 5.44%) are up by 34% since early November, 2023. Analysts’ consensus projections suggest 14% year-over-year revenue growth and 88% higher earnings when the online marketplace for freelance services reports fourth-quarter results in two weeks. The company’s compound average growth rate (CAGR) on the top line works out to 29% over the last three years,
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Read MoreMadison Investments 2023 Year-End U.S. Equity Letter
The U.S. stock market had a good year in 2023. The S&P 500 Index (SP500, SPX) recovered all of its 2022 decline, and slightly more, ending the year up 26.3%.
The story of the year was the glaring concentration of returns in the Magnificent Seven,
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Read MoreNew 'sanctions-proof' transport routes put Russia at heart of global trade
Russia is pressing ahead with construction of two new transport corridors linking Asia and Europe, seeking to weaken sanctions over its war in Ukraine at the same time as Middle East turmoil is disrupting global trade.
The shipping and rail networks, via Iran and an Arctic sea passage, could strengthen Moscow’s pivot toward Asian powerhouses China and India and away from Europe.
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