How six months of doom-and-gloom headlines failed to stop the S&P 500’s climb. Over the past six months, financial markets have delivered one of the clearest cases of price vs. narrative divergence that we’ve seen in years. On the one hand, investor sentiment—measured by news flow and keyword trends—remained deeply negative. On the other, the
The Index in Context The Housing Affordability Index (HAI) measures whether a median-income family can qualify for a 30-year fixed-rate mortgage on a median-priced home with a 20% down payment. 🏠 Housing Affordability Index is at 94. If 100 = just enough income to buy the average home, we’re 6% short. Rates steady, but homes
Over the past five years, two bellwether indices have broken sharply apart. This growing gap is not just a quirky chart pattern. It’s a macro signal worth dissecting. From Lockstep to Disconnection In the early phase of the post-pandemic recovery (2020–2021), tech stocks and transport companies rose together. E-commerce demand, supply-chain bottlenecks, and fiscal stimulus
A brief on soft landings, tightening wallets, and global demand warnings. Last week, U.S. equities broke down as bond markets seized up: Markets may look calmer on the surface — but underlying volatility has spiked. 📊 Real Wages vs. Real Costs Although nominal wage growth remains positive, inflation is eating into purchasing power: The nominal
This week was defined by a classic macroeconomic tug-of-war, pitting a surprisingly resilient labor market against a Federal Reserve determined to win its long-fought battle with inflation. The Federal Open Market Committee (FOMC) meeting set a hawkishly neutral tone, but it was Friday’s blockbuster jobs report that sent the clearest signal to markets: the path
Starting today, Fraywire users can go beyond the headlines and into the heart of the market with a powerful new feature: Market Sectors. Whether you’re tracking oil giants or tech disruptors, the new tool gives you a real-time pulse on any sector, now live on the platform. Here’s what you’ll get when you explore a
Markets brace for a monumental week as a pivotal Federal Reserve decision collides with a flood of Big Tech earnings and critical economic data. In this edition, we dive into: Market Summary: The Week That Was (July 21-25) Last week, U.S. equities treaded water as investors digested the first major wave of Q2 earnings reports
The stock market is behaving as if Donald Trump’s economic dreams—rate cuts and booming growth—are imminent. The problem? It’s Jerome Powell’s economy, and he’s telling us the exact opposite. The S&P 500 is touching all-time highs, fueled by a narrative of a perfect economic landing. Yet, the data shows an economy grappling with the very
Earnings season heats up as trade tensions persist and Bitcoin hits new records. In this edition, we dive into: Market Summary: The Week That Was (July 14-18) Last week saw US equities continue their gradual ascent, with both the S&P 500 and the technology-heavy Nasdaq Composite reaching fresh all-time highs. The S&P 500 closed up
How renewed trade tensions, major bank earnings, and a surging Bitcoin are shaping the week ahead. In This Edition: Market Summary The past week saw US equities close mixed to slightly lower, primarily influenced by renewed trade rhetoric from Washington. After a somewhat quiet start following the July 4th holiday, President Trump’s threats of higher
