Tight monetary policy has significantly deteriorated the housing market
% of houses featuring price cuts reached record levels in 2022
Even though the % has reduced since, it's still historically very elevated pic.twitter.com/lnrApBVay0
— Game of Trades (@GameofTrades_) June 29, 2023
Stronger than expected GDP.
Rate hike odds now 90%, market's about to explode. pic.twitter.com/9FEzipo4SI
— Mac10 (@SuburbanDrone) June 29, 2023
Median home sales prices YoY has plummeted to levels near 0
A contraction in this metric tends to occur before or during a recession pic.twitter.com/MZAYTXH8fk
— Game of Trades (@GameofTrades_) June 29, 2023
I said at the June FOMC pause that if inflation accelerates again, then markets will spontaneously explode.
Tomorrow we find out if that is true or not. pic.twitter.com/AJQ7d4ev6Y
— Mac10 (@SuburbanDrone) June 29, 2023
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