Anthony Chan Somewhat Quotations

One of the pillars of strength of the housing market is the fact of the tax-advantaged nature of the asset. To the extent that you chip away at that, you would see housing somewhat negatively impacted.

Now, with the economic recovery appearing to be somewhat in place and the central bank not lowering rates, we see people trying to get in at the gates before rates start to rise.

With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated.

The overall total of nominal sales is likely to remain somewhat weak.

Although the gain in real GDP came in somewhat below market expectations, the details of the report were much more favorable,

Yields at the auction came at levels that were not lethal to the stock market. Overall, it is somewhat encouraging for equities.

For the equity market, this is somewhat good news because certainly (the report) is an important button for the Federal Reserve to see if its policies are working and that housing is slowing down, as it would be expected to do so, with all the hikes in short-term interest rates.