With the rapid rate hikes by the Federal Reserve, the US 30-year mortgage rate once surged past 7.1% in October last year. In 2023, the Fed continued to raise rates to combat inflation, causing mortgage rates to rapidly climb after experiencing a slight drop at the beginning of the year. In the week ended Aug. 11, the contract rate on a 30-year fixed mortgage has rebounded significantly by 98 ...

Sector Rotation
Tech has been killing it in the market this year, thanks to the artificial intelligence boom. The tech sector has lifted the entire market while other sectors have greatly underperformed.
Occasionally, an overheated sector will begin to cool off as investors rotate their capital into underperforming sectors in expectation of a broadening rally or a change in the economy.
Even the NASDAQ announced a special rebalancing later this month, ...

Rewards
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