Bill’s Commentary:
“You do understand what happens next, right?”
Home price hikes are slowing more than expected
Rising supply and slowing demand in the housing market are finally causing prices to cool off, and the weakness is accelerating.
Home prices nationally rose just 2.7% in April compared with the previous year, according to the S&P CoreLogic Case-Shiller Index released Tuesday. That is down from a 3.4% annual increase in March and is the smallest gain in nearly two years.
The report is slightly backdated, as it is a three-month running average of prices ended in April. Other more current readings of the market, such as one from Parcl Labs, shows prices nationally are now flat compared with a year ago.
Bill’s Commentary:
“Some will think “all is well”, I believe you are watching the narrative being “painted”… until it is not…?”
Oil tumbles for a second day, loses 6% as Iran-Israel ceasefire eases supply concerns
Oil prices tumbled for a second day Tuesday, as the market bet that a ceasefire between Israel and Iran would hold and the risk of a major crude supply disruption had faded.
U.S. crude oil settled down 6% at $64.37 a barrel, while the global benchmark Brent fell 6.1%, to $67.14. Prices closed 7% lower on Monday after Iran did not target energy infrastructure in response to the U.S. bombing its key nuclear sites.
Earlier Tuesday, President Donald Trump said China can keep buying oil from Iran, in what seemed like a sign that the U.S. may soften its maximum pressure campaign against the Islamic Republic.
Bill’s Commentary:
“We will file this one under “delusional”…”
BillHolter.com 
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