Analysis of Mortgage Rates, Market Reaction, and Contrarian Investment Picks

This chapter explores the effects of the increase in mortgage rates to seven percent on home sales, revealing that new home sales continue to rise despite the higher rates. The discussion also delves into market responses to Federal Reserve statements, the performance of cyclical versus Magna 7 stocks, and offers contrarian investment suggestions like Home Depot and biotech companies such as Vertex, Regeneron, and Amgen.