Trading Tuesday: 5 things to know

Here are the main events that will take place on Tuesday It can affect trading.

Mortgage rates on the rise 13 years: Mortgage rates in the US recently reached their highest level in more than 13 years. Recent economic data showed sharp declines in key sectors. It is possible,” said Hani Reda, portfolio manager at PineBridge Investments Inflation can still rise More in the coming months as energy prices continue to rise. “Central banks, which have been our friends for a very long time, are telling us we should expect pain,” said Raza. “That inflation number is the only thing that matters right now. Even if we see growth slow a lot, it won’t be enough to get the Fed to change course.”

Mortgage

Home loan application. (Photo: David Paul Morris/Bloomberg via Getty Images/Getty Images)

home sales: The National Association of Realtors is expected to say sales of previously owned homes fell 3.7% to a seasonally adjusted annual rate of 5.40 million units. This will be the fourth consecutive monthly decline, and the lowest reading in nearly two years (since June 2020). It would also represent a 16.8% decrease from January when sales were increasing at an annualized pace of 6.49 million. The report follows data that showed new last Thursday house building landing to a 13-month low with higher prices and higher borrowing costs. It also brings up Friday’s report on new home sales, which are expected to fall half a percent to a seasonally adjusted annual rate of 588,000 in May.

Selling a sign outside the new home

A “Sold” sign outside a new home under construction in Tucson, Arizona. (Photo: Rebecca Noble/Bloomberg via Getty Images/Getty Images)

Market Correction: The Dow Jones Industrial Average, which entered a correction on March 7, ended the June 16 bearish session nearly 19% below its record closing high on January 4. In early 2020, it finished nearly 23.5% without a record close on January 3 in a bear market Since March 7, it is 32.75% below its peak on November 19. Small cap Russell 2000, which officially entered a bear market on January 27, is nearly 32% below its high on November 8.

Stock market

Illustrative image of the stock market.

Housing industry insiders warn market is seeing signs of ‘real slowdown’

TECH TITANS: The Consumers / tech giants It rose more than 1% across the board on Friday, but still ended the week sharply lower (down 4.6% on average) as strong Fed tightening and a tight shift in global monetary policy caused investors to hit the sell button on growth and momentum stocks.

Gas prices record the fourth car in July, and the cost of air travel

ribbon protection else they change they change %
dead META PLATFORMS INC. 163.74 +2.87 + 1.78%
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NFLX NETFLIX INC. 175.51 +2.16 + 1.25%
The Google ALPHABET INC. 2,142.87 +22.20 + 1.05%
AAPL Apple company 131.56 +1.50 + 1.15%
MSFT MICROSOFT CORP. 247.65 +2.68 + 1.09%
TSLA Tesla Corporation 650.28 +10.98 + 1.72%
NVDA Nvidia Corp. 158.80 +2.79 + 1.79%

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CRYPTO LOWER: Bitcoin fell over the weekend It has lost more than 70% of its value since it reached its highest level in 2021 at more than $67,000. Currently gained some value. Bitcoin took a beating in 2022, continuing the decline that began in November of last year. For most of the year, the value has remained close to $40,000, but two big drops – one at the beginning of May and one last week – have sent the currency down to less than a third of its November high. Bitcoin now holds the same value it had during its record high in December 2017 at $1,9363.16. The coin soared to new highs in 2021, with a six-month decline during which it was worth about $30,000 before hitting an all-time high.

Bitcoin

Bitcoin prices have fallen over the past few days. (Photo by Fernando Gutierrez-Juarez/Image Alliance via Getty Images/Getty Images)