SVCP Team

Rents for single-family homes just saw the largest gains in nearly 15 years

Even as the coronavirus pandemic ebbs and Americans get back to work and play, they still want more space at home. But with home prices hitting record highs, demand for single-family rental homes is soaring – and so are the rents. Single-family rents were up 5.3% year over year in April, rising from a 2.4% increase in […]

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Factory Output in U.S. Increased in May by More Than Forecast

Tuesday, June 15, 2021 06:31 AM By Vince Golle Manufacturing production rose 0.9% on strong vehicle output Excluding motor vehicles, factory production advanced 0.5% (Bloomberg) — Output at U.S. factories rose in May by more than forecast, signaling further improvement in the sector despite supply shortages, hiring difficulties and elevated materials prices. The 0.9% increase followed a revised […]

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Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record

Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. The 6.6% surge was the biggest 12-month rise in the final demand index since the Bureau of Labor Statistics began tracking the data in November 2010. On […]

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Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay

Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the Federal Reserve to boost interest rates, Dimon said Monday during a conference. The biggest U.S. bank by assets […]

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Paul Tudor Jones says ‘go all in on the inflation trades’ if Fed keeps ignoring higher prices

Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday he’s paying close attention to this week’s Federal Reserve policy meeting in light of recent economic data showing higher consumer prices. “If they treat these numbers — which were material events, they were very material — if they treat them with nonchalance, I think it’s just a […]

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U.S. Inflation Expectations Rise to New Highs in N.Y. Fed Survey

Monday, June 14, 2021 08:00 AM By Matthew Boesler and Alex Tanzi Three-year expectations reached highest since 2013 in May Fed officials may discuss the results at this week’s meeting (Bloomberg) — U.S. consumers’ expectations for inflation over the medium term rose to an eight-year high in May, according to a Federal Reserve Bank of New York survey. […]

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CNBC: Global shipping delays are so bad Home Depot contracted its own container ship

Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat. “We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100% […]

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CNBC: Bank of America CEO says consumer spending is 20% higher this year than 2019

American consumers are spending more freely as the economy opens up further, Bank of America CEO Brian Moynihan said Monday. Transaction volumes on customers’ credit and debit cards and over the Zelle payment network have grown by 20% so far in 2021 compared to this point in 2019, Moynihan told CNBC’s Becky Quick on “Squawk Box.” The comparison excludes […]

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Factor Friday: Not Your Father’s Value-Momentum Ties

Christopher Cain BI Equity Strategist Rare Cheap-Valuation, Momentum Kinship in U.S. Stocks May Stick (Bloomberg Intelligence) — The overlap in S&P 500 stocks categorized both among the cheapest 20% and with the best momentum extends to 30, one of the highest in over a decade, and we believe such overlap could occur more often for […]

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U.S. Inflation Expectations Build in June Survey of Economists

Friday, June 11, 2021 06:00 AM By Olivia Rockeman and Sarina Yoo Consumer price index seen at 3.8% or higher through year end GDP growth forecasts also revised up through rest of 2021 (Bloomberg) — Economists’ inflation expectations keep rising as a variety of key metrics underscore building price pressures. Forecasters raised their estimates for the consumer price […]

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