Geopolitics Alpha

Mortgage holders’ confidence crashes to lowest level since 1994 as year that ‘feels like a recession’ looms

Published . Updated .

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GEOPOLITICS ALPHAMortgage holders’ confidencecrashes to lowest level since 1994as year that ‘feels like a…GEOPOLITICS ALPHA

Westpac survey results signal growing sense of ‘helplessness’ as Jim Chalmers faces growing pressure to rein in government spending Confidence among mortgaged households has crashed to its lowest level in more than three decades amid a growing sense of “helplessness” about the economy, even as a dramatic shift in financial markets suggests there is now a strong chance of a Reserve Bank rate cut by this time next year. The latest Westpac survey showed its consumer sentiment index sinking again in November to reach a four-year low, amid deepening pessimism about the near-term prospects for the economy . Continue reading...

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLRE Real Estate Select Sector SPDR+2.7% 30d

    Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.

  • XHB SPDR S&P Homebuilders ETF+5.0% 30d

    SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • PLD Prologis-3.7% 30d

    Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.

  • DHI D.R. Horton+5.6% 30d

    D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.

  • LEN Lennar+5.6% 30d

    Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • AMZN Amazon.com+5.3% 30d

    Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLRE-2.21%-0.78%baseafter closeafter closeafter closeafter close
XHB-3.80%-2.05%baseafter closeafter closeafter closeafter close
XRT-4.28%-1.83%baseafter closeafter closeafter closeafter close
PLD-1.11%-1.51%baseafter closeafter closeafter closeafter close
DHI-6.68%+1.29%baseafter closeafter closeafter closeafter close
LEN-5.98%+0.01%baseafter closeafter closeafter closeafter close
WMT-0.64%+1.67%baseafter closeafter closeafter closeafter close
AMZN-6.07%-2.36%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Westpac survey results signal growing sense of ‘helplessness’ as Jim Chalmers faces growing pressure to rein in government spending Confidence among mortgaged households has crashed to its lowest level in more than three decades amid a gro…

Source: The Guardian

This story

CompanyWhenMoveStatus
AMZNthree days earlier-2.36%final price
AMZNfive days earlier-6.07%final price
DHIthree days earlier+1.29%final price
DHIfive days earlier-6.68%final price
LENthree days earlier+0.01%final price
LENfive days earlier-5.98%final price
PLDthree days earlier-1.51%final price
PLDfive days earlier-1.11%final price
WMTthree days earlier+1.67%final price
WMTfive days earlier-0.64%final price
XHBthree days earlier-2.05%final price
XHBfive days earlier-3.80%final price
XLREthree days earlier-0.78%final price
XLREfive days earlier-2.21%final price
XRTthree days earlier-1.83%final price
XRTfive days earlier-4.28%final price

Trades by members of Congress and officials in the stocks in this story

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This story

12 out of 100

“Mortgage holders’ confidence crashes to lowest level since 1994 as year that ‘feels like a recession’ looms” scores 12 out of 100. The score uses 1 sources.