SHELTER PRICES ARE FALLING

Shelter Prices are the largest component of inflation, which means they have an outsized impact on long-term interest rates. Today, we saw the first decrease in the month-to-month average home prices (FHA) since 2022.

• Annual Home Price Growth Momentum is falling (yoy), which means Home prices are rising at a slower pace.

• Conference Board Consumer Confidence rises for the first time since October 2024

• As long as Rates remain below 4.5%, the S&P 500 has legs!

• Tesla is entering Break-Away Momentum : When RSI gets above 70, price tends to climb dramatically.

• Bitcoin is attempting to turn ALL-TIME-HIGHS into support. Next stop, $122,000