Core Viewpoint - Housing affordability is a significant concern for the American public and is influencing market dynamics, particularly in the mortgage sector [1] Group 1: Housing Market - The current focus on housing affordability is affecting both consumers and investors [1] - Recent statements from President Trump and his administration have impacted market sentiment and stock performance in the housing sector [1] Group 2: Mortgage Companies - UWM Holdings and Rocket Companies are highlighted as the largest mortgage companies in America, indicating a competitive landscape [1] - The rivalry between UWM Holdings and Rocket Companies is intensifying, influenced by market conditions and political statements [1]

Core Viewpoint - Singapore REITs have faced significant challenges due to rising interest rates, which have increased financing costs and pressured distributions to unitholders [1][3][8] Group 1: Impact of Rising Interest Rates - Higher interest rates have led to increased financing costs, resulting in more cash being allocated to interest payments rather than unitholder distributions [1][3] - Deal activity in the REIT sector has slowed as higher funding costs made transactions less economically viable [1][3] - Many REITs experienced a decline in distributions per unit (DPU), with unit prices following suit [1][3] Group 2: Specific REIT Performance - Frasers Logistics & Commercial Trust (FLCT) saw its DPU for FY2025 fall to S$0.0595, a 12.5% year-on-year decline, despite improved portfolio occupancy of 95.1% [4][5] - Mapletree Logistics Trust (MLT) reported a DPU of S$0.01815 for 2Q FY25/26, a 10.5% decrease year-on-year, although it managed to maintain a 96.1% occupancy rate [6][7] Group 3: Outlook with Falling Interest Rates - As interest rates begin to fall, Singapore REITs could benefit significantly from improved financing conditions, potentially leading to a recovery in distributions [2][12] - Commercial REITs like CapitaLand Integrated Commercial Trust (CICT) and Mapletree Pan Asia Commercial Trust (MPACT) are expected to see cash flow improvements as borrowing costs decrease [9][10] - CICT managed to grow its DPU by 3.5% year-on-year to S$0.0562 in the first half of 2025, supported by strong occupancy [10] Group 4: Investor Considerations - Investors should focus on the financial health of REITs, including the duration of debts and the proportion of fixed-rate debt, as these factors will influence the benefits from refinancing [14][15] - The quality of a REIT's holdings and occupancy rates remain crucial for maintaining consistent cash flow [15][16] - A shift in the macro environment with falling interest rates could renew interest in REITs, particularly those with strong financial backing and solid property portfolios [16][17]

Hello everyone. Today we've got a very special treat. We've got Ryan Dietrich from the Carson Group.He's going to join us and talk about what's going on in public markets, his outlook for 2026, the Fed, interest rates, inflation, deflation, and much, much more. We're live today from the desk of Anthony Pompiano. Before we get into today's conversation, please remember to subscribe on YouTube.My goal is to get to 1 million subscribers and with your help, we're going to get there. Hit the subscribe button and ...

Core Viewpoint - Kansas City Fed president Jeff Schmid believes inflation remains too high and that cutting interest rates could exacerbate inflation without significantly benefiting the job market [1][3]. Group 1: Economic Conditions - Schmid indicates that the economy is showing momentum, but inflation is still considered "too hot" [1]. - The neutral interest rate has increased, with the current range of 3.5% to 3.75% no longer being very restrictive [2]. - Although there are signs of moderating housing costs and rents, Schmid is cautious about reducing rates until there are more convincing signs of overall inflation decreasing [2]. Group 2: Inflation Concerns - The latest inflation data suggests an inflation rate close to 3%, which remains a significant concern for businesses in Schmid's district [2]. - Schmid expresses concern that cutting rates could lead to a departure from a low and stable inflation environment, affecting household and firm decision-making [3]. Group 3: Federal Reserve Actions - Schmid has dissented in the last two policy meetings regarding rate cuts, preferring to maintain rates to avoid igniting inflation [1]. - The Fed is expected to hold rates steady in the upcoming meeting on January 28, maintaining the current range of 3.5% to 3.75% [5]. - Fed governor Michael Barr stated that interest rates are currently in a good position and that more time is needed to assess the job market and inflation [5].

Core Viewpoint - The Federal Reserve's decision to implement a quarter-point rate cut in December has dissenters, particularly Schmid, who emphasizes that inflation has remained above the Fed's 2% target for over four years, indicating a lack of room for complacency among policymakers [1] Group 1 - Schmid is one of three dissenters regarding the Federal Reserve's recent rate cut decision [1] - Inflation has been above the Fed's target for more than four years, highlighting ongoing economic concerns [1] - Policymakers are urged to remain vigilant and not complacent in their approach to monetary policy [1]

For the second month in a row, we're seeing a significant cooldown in commercial real estate deal-making. With interest rates still high and all that continued uncertainty in the broader economy, it's just getting tougher to get the deals done. Now, I've been watching this space for a few decades now on CNBC, but now we're getting these amazing monthly spreadsheets of the actual deals provided exclusively to us by Moody's for the Property Play.That's my new platform dedicated to commercial real estate inves ...

Interest Rate Predictions - The Federal Reserve cut the federal funds rate three times in 2025, totaling 75 basis points, which was more aggressive than initial market expectations [3] - For 2026, the median expectation is for an additional 50 basis points of rate cuts, typically occurring at two of the eight meetings throughout the year [4] - There is a belief that the market is underestimating the potential for more aggressive rate cuts, with a prediction of four or more cuts being more likely than the current 11% market pricing suggests [6] Economic Conditions - Economic uncertainty and pressures on the job market are expected to persist, influencing the Fed's decision-making [5] - The 10-year Treasury yield is currently at 4.19%, which is higher than mid-2024 levels, but a significant drop to below 3.5% is predicted by the end of 2026 [6] - Predictions indicate that mortgage rates, currently averaging around 6.2%, could see significant relief, potentially falling to 5.5% by the end of 2026 [6]

Core Viewpoint - Insteel Industries Inc. reported a significant increase in net earnings and net sales for the first quarter of fiscal 2026, driven by strong demand for concrete reinforcement products and effective pricing strategies to offset rising costs [3][4][9]. Financial Performance - Net earnings for Q1 2026 rose to $7.6 million, or $0.39 per share, compared to $1.1 million, or $0.06 per share, in the same quarter last year [3][9]. - Net sales increased by 23.3% to $159.9 million from $129.7 million in the prior year quarter, attributed to an 18.8% rise in average selling prices and a 3.8% increase in shipments [4][9]. - Gross margin expanded by 400 basis points to 11.3% from 7.3% in the prior year quarter, driven by wider spreads and higher shipment volumes [4]. Cash Flow and Capital Allocation - Operating activities used $0.7 million in cash during the quarter, a decrease from generating $19.0 million in the prior year quarter, primarily due to changes in net working capital [5]. - Capital expenditures for Q1 2026 decreased to $1.5 million from $2.7 million in the prior year quarter, with total expected capital outlays for fiscal 2026 around $20.0 million [6]. Dividends and Liquidity - On December 12, 2025, Insteel paid a special cash dividend of $19.4 million, or $1.00 per share, in addition to its regular quarterly cash dividend of $0.03 per share [7][9]. - The company ended the quarter with a cash balance of $15.6 million and no outstanding borrowings on its $100.0 million revolving credit facility [7][9]. Market Outlook - Despite indications of softening construction activity, Insteel's markets remained resilient, with nonresidential construction driving demand supported by infrastructure spending [8][10]. - The company remains optimistic about 2026, expecting solid opportunities despite concerns over competitive pressures from imported products [10].

Core Viewpoint - Gold prices have decreased as investors took profits after reaching a record high, influenced by reduced fears of U.S. military action against Iran and a softer stance from President Trump regarding the Federal Reserve Chair [1][2] Group 1: Market Reaction - Gold futures in New York fell by 0.6% to $4,608.60 per troy ounce, indicating a profit-taking trend among investors [2] - The easing of geopolitical tensions has contributed to a decline in demand for safe-haven assets like gold [1] Group 2: Economic Indicators - Investors are closely monitoring U.S. weekly jobless claims data for insights into the Federal Reserve's policy direction, as lower interest rates typically benefit non-yielding assets such as gold [2] - President Trump's comments about not planning to fire Federal Reserve Chair Jerome Powell may also influence market sentiment regarding interest rates [1]

A fresh wave of political pressure on the Federal Reserve is rippling through financial markets, and cryptocurrencies are among the biggest beneficiaries. Bitcoin (CRYPTO: BTC) and major altcoins moved higher after President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, calling him a "jerk" and suggesting he "will be gone soon" during remarks at the Detroit Economic Club.The comments, combined with reports of a potential Department of Justice probe into aspects of Federal Reserve lead ...