Investors awaiting PulteGroup's earnings should keep their eye on the builder's new orders and home sale gross margin. ...

All right. Uh let's uh let's move on to the broader markets. The S&P 500 is pacing for what would be at least if it maintained what it's doing right now, a third straight day of declining.Still, although we're very close to record levels, joining us with his outlook is Michael Caneritz. He's Piper Sandler's chief investment strategist. Nice to have you here, Michael.Thanks. Uh you write um that you expect improving EPS breath to take over after three years of PE expansion. Can you explain what that means an ...

CNBC’s Diana Olick joins 'The Exchange' to discuss the latest housing data. ...

Investment Rating - The report indicates a base case median expectation of two 25 basis point rate cuts this year, with a possibility of one rate cut being signaled [7]. Core Insights - The report outlines three primary reasons for a dovish stance from Chair Powell: three months of softer core inflation, rising continuing jobless claims, and softer housing data [6][9]. Summary by Relevant Sections Inflation Data - Core PCE inflation is projected to register an annualized rate of 1.6% over March, April, and May, indicating a slowdown from stronger readings earlier in the year [9]. - The decline in shelter inflation is expected to continue due to weak housing activity and a decrease in Case-Shiller house prices [9]. Labor Market - Continuing jobless claims have risen to 1,956,000, the highest level since 2021, while initial jobless claims remain lower, suggesting weak hiring conditions [9]. - The labor market is perceived as "resilient" with 139,000 new jobs added and an unemployment rate of 4.2% in May, but recent data adds caution to Powell's outlook [9]. Housing Market - The housing sector is contracting, with prices, permits, and starts for single-family homes all declining. The NAHB index fell to 32, the lowest since 2022, particularly weak in the South [9]. - Current mortgage rates are contributing to the contraction in the housing market, indicating that interest rates remain restrictive and may need to be reduced [9].