Dismal's Smacks

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Inflation Alert! S&P CoreLogic Case-Shiller index reports RECORD HIGH annual home price gain of 16.6% in May. The 16.6% gain is the highest reading in more than 30 years of S&P CoreLogic Case-Shiller data.

Price gains in all 20 cities were in the top quartile of historical performance. Source https://www.spglobal.com/spdji/en/documents/index-news-and-announcements/20210727-cshomeprice-release.pdf REMINDER: The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is a composite of single-family home price indices for the nine

Inflation Alert! Sales of new single-family houses in June plunged by 6.6% from May, and by 32% from the peak in January, to a seasonally adjusted annual rate of 676,000 houses, the lowest June since 2018, according to the Census Bureau this morning.

Median sales price $361,800, Avg. price $428,700 Sales of new single-family houses in June fell by 6.6% from May, and by 32% from the peak in January, to a seasonally adjusted annual rate of 676,000 houses, the lowest June since 2018, according to the Census Bureau

Axos Clearing LLC will acquire substantial assets from ETrade Savings Bank and will be assuming the DTC account that is currently held by ETrade Savings Bank.

As a result, E*Trade Savings Bank will retire as a direct member and its DTC participant account #5981 will be assumed by Axos Clearing. Reddit Post

The Securities and Exchange Commission today announced that 21 investment advisers and 6 broker-dealers have agreed to settle charges that they failed to timely file and deliver their client or customer relationship summaries

Source GG hitting the ground running! The SEC’s orders find that the investment advisers violated Section 204 of the Investment Advisers Act of 1940 and Advisers Act Rules 204-1 and 204-5, and that the broker-dealers violated Section 17(a)(1) of the Securities Exchange Act of 1934 and Exchange

FDIC Alert! Proposed Revisions to the Consolidated Reports of Condition and Income (Call Reports) Related to Deferred Taxes and the Standardized Approach for Counterparty Credit Risk (SA-CCR)

Notice The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (collectively, the agencies), under the auspices of the Federal Financial Institutions Examination Council (FFIEC), are requesting comment on proposed revisions to clarify instructions for reporting

Wut Doin BNY? BNY Mellon Alcentra Opportunistic Global Credit Income Fund and BNY Mellon Investment Adviser, Inc. (Release No. IC-34344; File No. 812-15214)

BNY Mellon Alcentra Opportunistic Global Credit Income Fund and BNY Mellon Investment Adviser, Inc. (Release No. IC-34344; File No. 812-15214) 270.23c-3 Repurchase offers by closed-end companies. Section 18(a)(2)Asset coverage, and other restrictions, applicable to the issuance or sale of senior securities representing stock by closed-end investment

Inflation and Data Alert! A dive into week 28 rail traffic and earnings from Union Pacific and CSX, update on Chicago embargo, and the STB chairman steps into the fray.

First, the week 28 data for rail: https://www.aar.org/news/rail-traffic-for-the-week-ending-july-17-2021/ Traffic is definitely up compared to pandemic compressed 2020. 2021 is closer to 2019 than 2018 though. However, I think this comes down to employment and the earnings calls from CSX and Union Pacific speak to this: