China Mulls Easing Rules To Attract Foreigners

🇨🇳 🇨🇳 China is considering relaxing the rules that cap foreign ownership in domestic publicly traded firms, as it seeks to lure global funds back to its $9.4 trillion stock market

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US 10-Year Bond Yield Breaks Above 4.51%

🚨 🚨 BREAKING: US 10-Year Bond Yield Breakes Above 4.51%

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US Existing Home Sales Plunge

🏡 🏡 US Existing homes sales are at their lowest levels since 2010

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Mortgages To Surge To 8%

🏠 🏠 Average interest rate on a 30 year mortgage rises to 7.59%, its highest since December 2000

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Credit Gets Tighter In NYC

🗽 🗽 In a recent New York Fed survey, almost 60% of households said it was more difficult to get credit today than a year ago. That’s the highest level recorded in the survey with data going back to 2013

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Russell 3000 EPS Drops Below 10-Year Treasuries

🚨 🚨 The earnings yield for the Russell 3000 index is now below 10-year yields for the first time in 21 years

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American Households Need 44% Of Income To Cover Payments

🚨 🚨 The median American household needed 44% of its income to cover annual payments on a median-priced home as of July: Atlanta Fed data. That was the highest level ever recorded in data going back to 2006

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