Tag Archives: craters

The housing market boomed in 2020 and 2021 but is now cooling rapidly.AFP/Getty Images US home prices are already falling and are set to tumble in the coming months, an economist said Tuesday. Ian Shepherdson, chief economist at Pantheon Macro, told clients “the next few months will be very tough” for the housing market. Property markets boomed in 2020 and 2021 but are rapidly cooling as central banks hike interest rates, pushing up mortgage costs. US home prices are already falling and are… Source link

History shows it has paid off to buy stocks after major plunges. An investor buying the S&P 500 (^GSPC) 10% below its high, regardless of whether it was the trough, would have netted a median return of 15% over the next 12 months, according to new research going back to 1950 from Goldman Sachs (GS) strategist David Kostin.  Kostin notes there have been 33 S&P 500 corrections of 10% or more since 1950. The median episode has lasted roughly 5 months and encompassed a peak-to-trough decline of… Source link