We’re back with a market update, and boy, do we have a head-scratcher for you. Buckle up as we dive into the intriguing twists and turns that have been keeping us all on our toes.
So, picture this: the retail sales numbers drop this morning, and let’s just say, they were on fire. Much hotter than anyone had even dared to anticipate. Now, if you’re thinking that mortgage rates would’ve gone into overdrive and shot sky-high, you’re not alone. But here’s the plot twist – the bond market, in all its unpredictable glory, decides to rally instead. And guess what? Rates? Yep, they’re actually showing a slight improvement.
I know, I know, it sounds like a classic case of market madness. You’re not alone in feeling a tad bewildered. We’ve been witnessing these roller-coaster-like trends that defy every ounce of logic. But here’s the kicker – this isn’t a one-off. It’s been the name of the game for a few weeks now.
The thing is, the market seems to have embraced its role as the conductor of a symphony of surprises. It’s like we’re all just along for the ride, trying to make sense of moves that seem to dance to their own rhythm.
So, while you’re here scratching your head, just remember, it’s not you – it’s the market. We’re right there with you, trying to unravel the mysteries and keep our finger on the pulse of these quirky trends.
Stay tuned for more updates, because one thing’s for sure: as long as the market keeps the surprises coming, we’ll be here to break it all down for you.
Catch you on the flip side.
Published 8/15/2023
