Compass stock, market cap tumbles to new low

The company’s shares ended Monday trading at $10.74, down significantly compared to when they debuted about six months ago. The drop reduced Compass’ valuation to $4.2 billion. Continue reading

Connecting with Keller Williams’ CEO: On inventory and an IPO

Ahead of next week’s Inman Connect, KW CEO Carl Liebert hinted at Keller Williams’ progress toward a stock market debut and talked about how the pandemic will change the industry. Continue reading

Fed expects stronger economic recovery to come

During the most recent Federal Open Markets Committee meeting, the Federal Reserve reiterated its plan to maintain current economic policy until fiscal and economic goals are met. Continue reading

Rates plunge upon December manufacturing surprise, and a new year’s forecast

The biggest news for the bond markets was the release of the U.S. December manufacturing report as indicated by the ISM Manufacturing Index: It plunged to a five month low — the lowest level in a decade. Continue reading

Yield curve inversion fears are overblown

Yield curves predicting recessions did so historically and will again at the end of Fed overshoots. The Fed has done no such thing this time. Continue reading