• LAST CALL: OUR BEST DEAL EXPIRES SOON!

    SAVE UP TO 66% OFF

    MACRO & STOCK-PICKING ESSENTIALS

 Editor's Note: Below is a brief excerpt from today's Early Look written by U.S. Macro analyst Christian Drake. Click here to learn more about the Early Look.

The latest input cost crescendo is occurring with rates again backing up.  

To be sure, underlying Housing demand remains solid, some runway exists from an affordability perspective (i.e. home prices/rates can rise further before becoming an acute constrain on affordability) and the longer-term opportunity in housing remains favorable but rising rates and unbridled input cost inflation are not a bullish factor cocktail for related equity exposures.   

CHART OF THE DAY: Housing Outlook... Bullish or Bearish - CoD Resi PPI

CHART OF THE DAY: Housing Outlook... Bullish or Bearish - early look