Good day everyone and welcome to all our new members,

Market Update

The housing market has softened due to higher mortgage rates. The past two years have been strong for home sales and some corrections can be expected. But make no mistake, this is not 2008 and market conditions are quite different. Mortgage delinquencies are running at a rate of 2.9% today and in 2008 that rate was over 28%.

There is still a shortage of products in the housing market and the current average mortgage rate is 7.8%. Should the Fed raise interest rates too high the mortgage rates could become a barrier to home buying, but the demand is still strong.

I want to talk about a NASDAQ company that is new to our group. This company shows strong revenue growth, operates profitably, and has a strong cash position. This company is experiencing a dip in value that should correct in the near-term creating an opportunity. Whenever I see a company that is running strong but experiencing a significant drop in value my radar goes off.

When you read our forthcoming report, and do your due diligence, I think you will agree this could be a triple digit gainer. That’s the conclusion I came to. Wait until you read about all the catalysts the company has reported in just the past two months! This one may be a real winner.

Stay tuned and stay informed. We will issue this report on Thursday, October 20, 2022, at or near the market open.

As mentioned a couple weeks ago we remain dedicated to getting you the winners this fall.

The Traders News Group