15 Years Ago, the Housing Market Crashed Under Similar Circumstances

Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. According to the St. Louis Fed, the median price for a home was $257,400, a record. The Fed was raising interest rates. After a series of rate hikes, the Fed funds rate reached 5.25%, its highest point in … Read more

AMD’s Prices Are Micro Now, Too

Shares of chip maker Advanced Micro Devices (AMD) ¬†have traded lower since early December, but investors have not been attracted to the long side. Unfortunately further declines look likely in the months ahead. Let’s check on the charts. ¬† In this daily bar chart of AMD, below, we can see that prices have made a … Read more