In this week’s write up we wanted to touch on two main topics as we close out the month end. Inflation data in July and Enova’s 2nd Quarter results.The Fed’s preferred gauge for inflation PCE came up 0.1% in June and YoY PCE increased to 2.5%. Friday’s report also showed consumer spending slowing down a bit …
This week, we experienced a flurry of economic news that we want to share with our readers. As our portfolio is primarily geared towards small businesses in the construction SIC, we always consider how housing data might impact some of our customers. New home sales took a significant hit last month, reaching their lowest level …
Today we saw the much anticipated April Inflation report with CPI easing at 3.4%. While the data print came in line with expectations and lower than last month, consumer prices continue to be elevated above the FED’s 2% bogie. On a positive note, core inflation came down to 3.6% which is the lowest reading since April 2021. …
In this week’s write up we wanted to focus on the inflation numbers released a few days ago as well as the recent litigation in the revenue based finance landscape. CPI was released on Wednesday and came in hotter than expected with annual inflation up 3.5% YoY (vs 3.4% expected) and Core CPI was up to …
In this week’s write up we wanted to focus on a few key topics that we have discussed internally as it relates to the small business financing market. Trucking SIC: Tender rejections dropped back to 2023 lows and no real momentum is picking up. What does it mean to have low tender rejections? When a market is tight …
In this week’s write up we wanted to share our views on the housing market and the Fed Funds Rate decision. Home Sales and Cash Buyers: Home sales for February surged by 9.5%, marking the largest increase since February 2023, reaching an annualized rate of 4.38 million units. Remarkably, a significant portion of these sales …
This week we had major economic economic data prints that can help us better understand the underlying economic parameters that may affect our customers. We would like to discuss two in this week’s write up. Durable goods dropped a staggering 6.1% in January but most of it was due to a brief pause in airplane …
We trust everyone welcomed 2024 with enthusiasm! The positive feedback on our rebrand is heartening – please continue to share your thoughts! Our commitment to refining our processes, from submission to pricing and final underwriting, remains unwavering. The primary objective is to ensure a seamless experience for both our small business customers and referral partnerships. …
In today’s write up we wanted to briefly discuss the plethora of commentary coming out of the gates as it relates to Fed Fund rate cuts in 2024 and beyond. Market expectations for Fed Funds Rate path -Jan 31, 2024: Pause -Mar 20, 2024: 25 bps cut to 5.00-5.25% -May 1, 2024: 25 bps cut …
Specialty Capital News and Views: Fed Fund rate cuts in 2024 Read More »
In today’s write up, we wanted to highlight Nerdwallet’s earnings call and release last week. As our readers know, Nerdwallet acquired Fundera in October of 2020. Fundera is one of the largest and comprehensive market places for the small to medium sized businesses in the country. Nerdwallet announced topline revenue of $153mm, up 7% YoY. More …
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@2022 Specialty Capital LLC. All Rights Reserved.
