Sacramento Market Update 5.29.2024

I hope everyone took some time to remember our heroes on Memorial Day.  This weekend we took the time to remember those lost and their bravery.  We wouldn't be where we are today without the sacrifice of our men and women heroes.

We have a holiday shortened week, but that doesn't mean we are short on news drivers and updates.  There are a plethora of scheduled Fed speakers this week which almost always leads to directional moves in the 10yr yield we track so closely as analysts try to decipher there words and the possible impact on bonds and rates.  We also have jobless claims, a data event that happens every single Thursday morning.  This is high impact as it directly corresponds to the employment dynamic in our country.  Another high impact data piece comes out on Friday, the PCE (personal consumption expenditures price index).  The PCE report is more closely tracked than even the CPI numbers as it is a better reflection of consumer spending on goods & services.
"What is difference between PCE and CPI?
The CPI measures the change in the out-of-pocket expenditures of all urban households and the PCE index measures the change in goods and services consumed by all households, and nonprofit institutions serving households."

I want to thank everyone that came to the 2nd Annual Meat & Mingle Summer Kick-Off last Thursday.  It was very successful with more attendance from last year, a bigger bar tab and new relationships!  

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com