The market has become downright boring. Today we are sitting at -11. Not getting involved here, especially with options, because the market isn't moving.
However, what I do know is that interest rates are creeping higher. Higher rates will present another challenge to housing prices and other assets. People that think their homes are going to jump up in price again are crazy. Not only are we facing an inventory problem (which is getting slightly better at the low end), we will soon be in a rising rate environment, which may be even more destructive than the supply of real estate on home prices. Home prices aren't going anywhere, and neither are asset prices. Stocks may continue to drift higher, for lack of new bad news, but WHEN growth proves to be absent and asset prices resume constricting in a higher interest rate environment, this rally built on hope will come crashing down.
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Stock Analysis for Traders and Investors
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