Archive - Macro4Micro

New Home Sales June 2026: Soft Pricing, Tepid Volumes

July has waded into the range of 6.8% 30Y mortgages (Mortgage News Daily Survey) after soft June home prices and YoY volumes.

Jul 25 • Glenn Reynolds, CFA

Synchrony: Consumer Bellwether Reassures on Quality

Synchrony offers reassurance on consumer resilience as purchase volumes and asset quality metrics hold firm.

Jul 23 • Glenn Reynolds, CFA

Earnings Season Beckons: Homebuilder Stock Returns

We look at comparative homebuilder equity returns as the peak spring season earnings reports are dead ahead.

Jul 20 • Glenn Reynolds, CFA

Earnings Season Beckons: Comparative Auto Equity Returns

GM and Ford equities frame up well across a period that saw inflation, tightening, tariffs and radical shifts whipsaws in “EV vs. ICE” policies.

Jul 20 • Glenn Reynolds, CFA

Market Commentary: Asset Returns 7-19-26

A tech battering picked up pace, but oil price pain did not get much reaction. Iran is getting worse. You cannot hide.

Jul 20 • Glenn Reynolds, CFA

Housing Starts June 2026: 5 Units or More is Not a Crowd

Housing starts saw soft single family, but the total starts trend rode another boom in multifamily. Permits were soft.

Jul 19 • Glenn Reynolds, CFA

Industrial Production June 2026: Sideways Syndrome

Industrial production and capacity utilization essentially moved sideways with modest improvement YoY.

Jul 18 • Glenn Reynolds, CFA

Company Profile: Ford Motor and Ford Motor Credit

We frame the moving parts of Ford Motor and its finance unit in an industry backdrop with tariffs, EV turmoil and Iran fallout.

Jul 17 • Glenn Reynolds, CFA

Producer Price Index June: Still Hurts…Just Less.

The PPI index is daunting at over double the median from 2010 but the good news from energy certainly helped.

Jul 15 • Glenn Reynolds, CFA

CPI June 2026: Eye of the Storm?

The market is waiting for Trump to take his offramp and declare victory in Iran. But that is not happening.

Jul 15 • Glenn Reynolds, CFA

Market Commentary: Asset Returns 7-12-26

We look at asset returns in a week where Iran and Trump took “game theory” down a very unpredictable path that is not a game.

Jul 12 • Glenn Reynolds, CFA

Existing Home Sales June 2026: The Stall is On

Sustained weak existing home sales volume was accompanied by a record high median home price.

Jul 11 • Glenn Reynolds, CFA

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