US Elections
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4 months agoWall Street: The risks behind Trump's bullish mirage
Trump's presidency begins amidst rising inflation and Wall Street caution, dampening initial post-election optimism.
There's an incredible amount of uncertainty that's been building within the stock market since the start of the year, exacerbated by a new administration's unpredictable policies.
Merrill Matthews predicts the 'two likely results' of the LA fires, suggesting that thousands of displaced Californians may choose to relocate to red states or push to remove incompetent local officials, as seen in prior recall elections.
"The 30-year fixed-rate mortgage moved down this week, but not by much," said Sam Khater, Freddie Mac's Chief Economist in a statement. "Rates have been relatively flat over the last few weeks as the market waits for more clarity on specific economic policies."