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Signs of life in the housing market could spell trouble

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On Wednesday, we learned that the seasonally adjusted Mortgage Purchase Application Index ticked up 3.1% last week to 190. On one hand, the index remains far below the 282 reading it had during the same week in 2022. On the other hand, the index has clearly stabilized in recent weeks after bottoming at a 159 reading during the first week of January.


Bank of New York Mellon (NYSE:BK)'s head of digital assets Michael Demissie said on Wednesday that digital assets are "here to stay", citing a 2022 study of the custodian bank's clients.






DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.








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