Current Outlook 1) Stock Market – Stocks indexes are mixed with the SPX at a new high and the RUT diverging with a much lower high. 2) Bonds – The Fed is currently expected to cut rates twice in 2025. Long-term yields may have peaked as bonds establish a bottom. 3) Housing – Housing supply remains tight. Rising rates have been compounding the affordability problem. 4) Gold – Gold is near its all-time high as … read more Newsletter #504—Peak Demand