The US housing market faces a 'triple whammy' of threats - and stocks may stage a Santa Claus rally, a top strategist says

Dec 20 2022 by Business Insider

 

REUTERS/Jonathan Ernst

The US housing market has been hit by labor shortages, rising costs, and soaring mortgage rates. Brian Jacobsen, an Allspring strategist, described those three trends as a "triple whammy." Signs of fading inflation this week could spark a Santa Claus rally for stocks, he said.

The US housing market is under severe pressure, stocks might stage a year-end rally, and the Federal Reserve probably won't raise interest rates much higher, a leading strategist has said.

The

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