Good Friday AM from your hometown lender,
The 10-year is holding the 50-day moving average and sitting on the Fibonacci 50 level, which is a key indicator. We’re not doing great, but considering the bond news, it’s not too bad. Personal income came in as expected but lower than last month, while personal spending almost doubled expectations. PCE prices at the core level have increased from 0.1 to 0.2, which is what we were looking for. Additionally, pending home sales are 4 times the expected number, which is great news. Rates are hanging in there, and the 10-year has been range-bound. It’s all about the Fed commentary next week.
Feel my pain….
Now the financial umbilical cord extends much later into adulthood. About 59% of parents said they helped their young adult children financially in the past year, according to a Pew Research Center report that focused on adults under age 35. Parental support is continuing later in life because younger people now take longer to reach many adult milestones—and getting there is more expensive than it has been for past generations.
