What I'm Reading Pancaked: The yield curve has been flattening quickly with short rates rising and long rates falling. This could leave the Fed in a bind as the yield curve trajectory suggests that it could be inverted before a hiking cycle ever begins. All Star Charts Interesting to note...
November 3rd – Fire Sale
What I'm Reading Fire Sale? Zillow is looking to unload 7,000 homes for $2.8 billion after royally screwing up their iBuying strategy and substantially overpaying for acquisitions. They are listing the homes at a loss. The news came after Zillow announced that they would be taking a pause from buying...