Good Monday morning from your Hometown Lender,

What a weekend.

I am still in disbelief that a 20yr old (who wasn’t old enough to vote in the last election) was able to take a shot at a President. Mr. Trump was beyond lucky to have survived it. Unfortunately, one spectator who was shielding his family was not. The rhetoric and vitriol between the parties must stop. It doesn’t matter which side of the aisle you are on. Violence is unacceptable and a scary thought is the FBI is claiming that violent threats have increased exponentially since Saturday.

Markets today are fairly calm.

Stocks are up a bit. Bonds are down a bit. The 10yr note has leaked to 4.23% and mortgage bonds are off a smidge. There is some data out this week with Chairman Powell speaking now to the Economic Club of Washington (not giving any intel on when the Fed will cut but he did say that the last three inflation reports were promising and that waiting too long to cut would be bad for the economy), retail sales coming out tomorrow, the Fed’s beige book on Wednesday, and unemployment claims on Thursday.

I was surprised to read that eviction notices were up 15% or more compared with the period before the pandemic for 10 of the 33 cities tracked by the Eviction Lab, which looked at filings over the past 12 months.

Stay safe, and make today great!