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Afternoon Note

Bottom Fishers

By Charles Payne, CEO & Principal Analyst
3/29/2023 1:37 PM

Upward bias is holding in there nicely, but it is not seducing fresh buyers off the sidelines. Bottom fishers are out and about, however, and picking real estate opportunities where commercial real estate concerns have taken a toll. 

But the bond market is calm.  There is a chance of the 10-year going back down, and under 3.40% (not today). 

Meanwhile, Pending Home Sales climbed for the third month in a row, +0.8 against consensus of -0.3. But it was still down 21% from a year ago. 



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