Forté Capital’s Selected Statistics
U.S. Existing Home Sales
Home sales, new and existing, have weakened due to the sharp increase in mortgage rates last year. The end of sub-3% 30-year financing has put pressure on home prices and has chilled most U.S. residential housing markets. In fact, the most recent measure of monthly sales has returned to the level of June 2020.
Annualized Quarterly Real U.S. GDP Growth
The U.S. economy is slowing due to the impact of inflation, the Federal Reserve’s actions on interest rates and liquidity, layoffs, and global headwinds. Recent export data from China indicates slowing industrial activity and trade. The Blue Chip average of economic forecasts points to a recession in 2023, albeit a shallow one.
The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. Forté Capital’s Proprietary Market Risk Barometer is a summary of 30 indicators and is copyrighted by Forté Capital LLC. For further information, visit www.fortecapital.com, send a message to firstname.lastname@example.org, or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.