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US HOUSING AFFORDABILITY HAS NEVER BEEN WORSE
84% of US consumers believe it is a bad time to buy a home, near the most on record. The share is greater than in the 1980s when rates were sky-high and as much as 20% versus 4.5% now. House prices are also near record highs. Source: Global Markets Investor
S&P500 earnings estimates for 2025 have rolled over and declined over the last few weeks.
At the same time, the S&P 500 continued to rise making valuations even more stretched (expensive). Will earnings estimates catch up or stocks fall? Source: Global Markets Investor
MicroStrategy did over 100,000,000 shares in volume yesterday. Highest volume traded EVER!
Note the bearish engulfing candle pattern however... The stock opened trading today above $530 and it closed at $397. $MSTR Source: TrendSpider
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