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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
dismal-jellyfish ๐Ÿ’ก Education

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
dismal-jellyfish ๐Ÿ’ก Education

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:
dismal-jellyfish ๐Ÿ’ก Education

Metaverse Economics Alert! No matter what time window you pick, 1 week, 1 month, or 1 year, Axie Infinity is the most profitable protocol on the market. $84.9 million in the last month alone. This has me HYPED for what GameStop has to come!

Afternoon r/Superstonk, Jellyfish here with a reminder that the metaverse is going to turn GameStop into a money printing press! PLEASE NOTE, THE DATA BEING REVIEWED IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT A RECOMMENDATION OR ENDORSEMENT OF THE PROJECT. THIS IS NOT FINANCIAL ADVICE, I JUST LIKE
dismal-jellyfish ๐Ÿ’ก Education