Hot Houses

Check out the accompanying pdf and chart collection. (1) Fed’s regional surveys remain V-shaped through October. (2) Velocity of money making a comeback. (3) Leading index leading higher. (4) Millennials turning into motivated home buyers. (5) Running out of housing inventory. (6) Existing home prices rising faster than for new ones. (7) Larger homes with backyards are prime properties. (8) Swooshing gasoline usage. (9) Central bankers trying to drown virus in liquidity. (10) Bond Vigilantes are the walking dead. (11) Movie review: “On the Rocks” (+).