This is the Canary in the coal mine as the economy starts to slow. I saw this coming years ago and was a bit surprised it took this long. When you can get an auto loan with no proof of income, the lesson has just not been learned.

Housing inventory up 1.4% per Redfin report. Great news but seasonally expected. 40% of homes went under contract in September. Inventory is still at historic lows.

10-year yield touched 5% briefly this morning. The one good news is it becomes more attractive to Bond investors. This will inevitably lower yields and rates.