Claims Wave Last week, 243,000 Americans applied for first-time unemployment benefits, the highest level since August 2023, according to the U.S. Department of Labor. As the strong U.S. labor market is beginning to cool off, the Federal Reserve will likely keep a close look on indicators like that. Total number of Americans collecting unemployment benefits…Read more
Peanut Gallery In case you missed it, small-cap stocks have staged quite the rally of late. In just over one week, the Russell 2000 rose over 10%. To put that in perspective, the small-cap index had a move so large that it accomplished in seven trading days what many investors were hoping it would for…Read more
The Problem Housing unaffordability isn’t just a problem for prospective homebuyers anymore. High interest rates and record home prices are creating high demand for rental units, driving up rent as well. But the White House is hoping to change to limit this. President Joe Biden proposed a rent hike cap Tuesday, hoping to bring stability…Read more
