TL;DR
- Higher interest rates are taking their toll on the housing market, with homebuilder sentiment hitting a five-month low
- For investors it’s not just about homebuilder stocks, with industries (and share prices) like realtors, mortgage companies and even home improvement all being hit
- At the same time, IPOs have started to pick up again after a major pullback in activity during 2022
- Top weekly and monthly trades
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Major events that could affect your portfolio
We’ve talked a lot about interest rates over the past year. For obvious reasons. There hasn’t been this much action from the Fed in years, and markets have been moving sometimes solely based on how Fed chairman Jerome Powell shuffles his papers at the rate announcements.
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