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Today Carl and Erin discuss the potential of a housing crash as more evidence is coming in that many haven’t thought of. Private Equity firms have become very involved in the housing market, buying up properties on high amounts of leverage. What happens when it’s time to refinance?

The market has reversed its prior bear market trend and so it is time to pivot. Carl displays charts that support a recovering market.

The Magnificent Seven are diverting from each other with some looking bullish and others looking bearish. Get Carl’s current view of these hot stocks.

Erin covers Sector Rotation with an eye toward one sector that is showing weakness. She then finishes up the show with a look at viewer’s symbol requests.

01:21 DP Signal Tables

04:04 Market Overview

12:30 Magnificent Seven

20:10 Potential Real Estate Crash Discussion

26:14 Questions

34:54 Sector Rotation

38:51 Symbol Requests

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Good morning and welcome to this week’s Flight Path. Equities continue their path out of the “NoGo” correction. This week we saw amber “Go Fish” bars over the second half of the week. GoNoGo Trend shows that the trend in treasury bond prices saw strength with strong blue bars. U.S. Commodities index remained in the “NoGo” trend but continue to show weakness. The dollar as well, saw weak pink “NoGo” bars at the end of the week.

$SPY Rallies and Indicator Paints “Go Fish” Bars

On Thursday, price gapped higher and GoNoGo Trend painted more “Go Fish” bars as the week came to a close. There was much enthusiasm this week and we are fast approaching an interim high. GoNoGo Oscillator has broken away from the zero line and out of a small GoNoGo Squeeze into positive territory. With positive momentum, we will watch to see if this gives price the push it needs to enter a new “Go” trend.

The longer time frame chart tells us that the “Go” trend is still safe for now. The week’s strong rally pushed price higher and away from last week’s lows. We look at the oscillator panel and see that GoNoGo Oscillator tested the zero level for only a bar or two, and was quickly able to find support and bounce back into positive territory. Now we can say that momentum is resurgent in the direction of the underlying “Go” trend and we will look to see if price can climb further from here.

Treasury Remain Suppressed

While there was no new lower low this week, the “NoGo” trend remained in place. We can see that price is painting pink “NoGo” bars, higher than the recent low and lower than the recent high. If we look at the oscillator panel, we can see that GoNoGo Oscillator is testing the zero line from below again. We will watch to see if it finds resistance at this level as it has now for several weeks.

he weekly chart below shows us that the trend remains strongly “NoGo”. This is the second strong purple bar in a row and we can say that there is downside pressure on prices with the weight of the evidence approach. GoNoGo Oscillator is in negative territory but no longer oversold at a value of -3.

The Dollar’s “NoGo” Weakens but Remains

It was an up and down week for the dollar. It fell early in the week then gapped higher before falling again on Friday. We saw GoNoGo Trend move between pink and purple “NoGo” bars. When price gapped higher it was not able to set a new high and as prices fell again on Friday we saw a NoGo Trend Continuation Icon (red circle). GoNoGo Oscillator has been rejected again by the zero line and so we know that momentum is in the direction of the “NoGo” trend.

Hamas and Islamic Jihad claimed joint responsibility Monday for a bombing the day before in Tel Aviv that killed the apparent attacker and wounded a bystander and that Israeli officials confirmed was a terrorist attack.

The bomb appeared to go off before it was intended, and the presumed attacker was shown in security footage walking down the street wearing a large backpack just before the explosion, according to the Associated Press. Israeli media quoted police officials as saying the intended target was a nearby synagogue.

In a statement Monday, Hamas’ militant wing said it and the Palestinian Islamic Jihad’s militant wing were responsible for the blast. 

Al-Qassam Brigades, in cooperation with Saraya Al-Quds, announced ‘the execution of a martyrdom operation that took place last night, Sunday, in the city of ‘Tel Aviv.’’ 

The groups threatened ‘martyrdom operations within the occupied territories will return to the forefront as long as the massacres by the occupation, the displacement of civilians, and the assassination policy continue.’

Reuters reported that was a reference to Israel’s offensive in Gaza and the July 31 killing of top Hamas leader Ismail Haniyeh in an explosion in Tehran that was blamed on Israel.

The Israeli police spokesperson’s unit and the Shin Bet spokesperson’s unit released a joint statement of their own confirming the large explosion that detonated the night before in Tel Aviv was a ‘terror attack.’ 

Since Sunday night, Tel Aviv District police officers, officers from the police bomb disposal unit, and forensic investigators, in collaboration with the Israel Security Agency (Shin Bet), ‘have been working at the scene where a powerful bomb exploded on Lechi Road in Tel Aviv. All necessary actions and examinations are being carried out in coordination with the Shin Bet,’ Monday’s statement said. ‘It can now be confirmed that this was a terror attack involving the explosion of a powerful explosive.’

Israeli officials said the explosion moderately injured a passerby who was transported to receive medical treatment.

‘Immediately following the incident, the Tel Aviv District Commander conducted a special situational assessment with all investigative and support units, directing an increase in alert levels and extensive searches throughout the greater Tel Aviv area,’ the statement added. ‘The Israel Police continues to operate with heightened security measures in crowded areas, in collaboration with special units and volunteers from the emergency response teams, to ensure the safety and security of the public. We urge citizens to remain vigilant and to report any suspicious person or object to the Israel Police by calling the 100 emergency hotline.’

Police said Sunday that the explosion killed one person, presumed to be the bomber.

‘We know that the mutilated body is not that of an innocent bystander but the one who carried the bomb,’ Tel Aviv District Police Commander, Deputy Commissioner Peretz Amar said, according to the AP. 

The bombing happened about an hour after U.S. Secretary of State Antony Blinken arrived in Tel Aviv on Sunday to renew ceasefire negotiations, Reuters reported. Blinken said it is ‘maybe the last opportunity’ to reach a Gaza cease-fire agreement that would return hostages held by Hamas and bring relief to Palestinians after 10 months of war in Gaza.

Blinken on Monday was on his ninth urgent mission to the Middle East since the conflict began. His visit came days after mediators, including the United States, expressed renewed optimism a deal was near. But Hamas has voiced deep dissatisfaction with the latest proposal and Israel has said there were areas it was unwilling to compromise, the AP reported.

The trip also comes amid fears the conflict could widen into a deeper regional war following the killings of top militant commanders in Lebanon that Iran blamed on Israel.

‘This is a decisive moment, probably the best, maybe the last, opportunity to get the hostages home, to get a cease-fire and to put everyone on a better path to enduring peace and security,’ Blinken said as he opened talks with Israeli President Isaac Herzog in Tel Aviv.

Fox News’ Yonat Friling and the Associated Press contributed to this report.

This post appeared first on FOX NEWS

The Democratic National Convention (DNC) begins Monday as top Democrats travel to Chicago to celebrate the party’s presidential nomination of Vice President Kamala Harris.

The convention, which will be held at the United Center in Chicago, starts Monday and runs through Thursday, when Harris will formally accept the nomination with her running mate, Minnesota Gov. Tim Walz. 

Anti-Israel protesters are expected to demonstrate outside the event, opposing the Biden-Harris administration’s support for Israel in its nearly 11-month war with Hamas in Gaza.

The DNC said the party will celebrate the record of the Biden-Harris administration and ‘chart a path for the future.’ 

The convention will ‘show America what Democrats stand for and tell the story of our proven track record of delivering for all Americans,’ the DNC said. 

‘But the story is far from over,’ the party says. ‘At the convention, Democrats will come together to build on our progress, lay out what’s at stake in this election, and unite around our shared values of democracy and freedom to create a future for all Americans.’ 

The DNC said it is holding the 2024 nominating convention in Chicago because the city ‘represents the diversity of the Democratic Party and the country.’ 

‘It’s a union city that sits in the heart of the Midwest, and it’s a Democratic stronghold that was part of the ‘blue wall’ crucial to the Biden-Harris victory in 2020 and will be for a Harris-Walz victory in November,’ the DNC said. 

The convention in 1996, where Democrats nominated President Bill Clinton and Vice President Al Gore for re-election, was also held in Chicago in the same arena. 

‘Our convention is an opportunity to bring the story of our party to the American people — not just the story of what we’ve achieved under the Biden-Harris administration, but how the Harris-Walz ticket is planning to build on that historic record for a new way forward into the future,’ said Convention Chair Minyon Moore. ‘The story here is simple and it’s one that will resonate with Americans across the country: Kamala Harris and Tim Walz are fighting for the American people and America’s future — Donald Trump is only fighting for himself.’

The DNC announced that each night of the convention will have a theme. 

Monday night will be ‘for the people,’ and speakers will present that ‘at its core, the Harris-Walz ticket is a ticket for the people.’ 

Tuesday night will be a ‘Bold Vision for America’s Future,’ and will focus on how the Harriz-Walz ticket intends to present a ‘brighter vision where everyone will have a chance not just to get by, but to get ahead.’ 

Wednesday night’s theme is ‘A Fight for Our Freedoms,’ and Thursday night’s theme is ‘For Our Future.’ 

The Democrats’ convention comes nearly a month after the president’s blockbuster July 21 announcement that he was suspending his re-election bid and endorsing Harris following his disastrous performance against former President Trump, the GOP presidential nominee, in their late June debate.

Biden’s rambling and uneven answers at the debate fueled questions over whether the 81-year-old president had the physical and mental abilities to handle another four years in the White House and sparked a chorus of calls from within his own party to end his 2024 campaign.

Biden eventually caved to the pressure, announcing the suspension of his re-election campaign just days after the Republican National Convention ended with a solidified GOP ticket of Trump and running mate, Sen. JD Vance of Ohio. 

Biden, in his announcement to suspend his bid for the White House, nominated his vice president to take over. 

Democrats desperate to keep Trump from returning to the White House quickly coalesced around Harris, who last week was formally nominated by the party in a virtual roll call. 

Biden is expected to address the Democratic National Convention Monday night to open the week’s events. Sources said his speech will focus on the ‘successes of the Biden-Harris Administration,’ including ‘successfully overcoming a once in a century pandemic, transforming an economy that was flat on its back to the strongest economy in the world, defending democracy at home and abroad, and restoring decency and dignity to the White House.’

First Lady Jill Biden will also speak to the party Monday night, along with Chicago Mayor Brandon Johnson and Illinois Gov. JB Pritzker. 

Former Secretary of State Hillary Clinton is also expected to speak at the convention Monday night, followed by former President Barack Obama on Tuesday and former President Bill Clinton on Wednesday. 

Former First Lady Michelle Obama will also speak at the convention in an effort to rally support for the Harris-Walz ticket. She’ll speak about the importance of civic engagement and voting.

Also speaking at the Democratic National Convention will be Harris’ husband, Second Gentleman Doug Emhoff; Senate Majority Leader Chuck Schumer; and House Democratic Leader Hakeem Jeffries. 

Walz is expected to accept the vice presidential nomination on Wednesday night and address the party. 

Walz can showcase a slew of progressive policy victories in Minnesota, including protecting abortion rights, legalizing recreational marijuana and restricting gun access to curb shootings. 

Walz was elected to the House in 2006 and re-elected five times, representing Minnesota’s 1st Congressional District, a mostly rural district covering the southern part of the state that includes a number of midsize cities. During his last two years on Capitol Hill, he served as ranking member of the House Veterans Affairs Committee. 

Walz won election as governor in 2018 and re-election four years later.

Harris will accept the nomination in a nationally televised address Thursday night. 

Harris has enjoyed a surge in fundraising after replacing Biden atop the Democrats’ 2024 ticket, and her July haul was more than double the funds raised last month by Trump. Additionally, Harris saw another spike in fundraising after naming Walz as her running mate a week ago.

The vice president and Walz quickly hit the campaign trail with a swing through the key battleground states of Pennsylvania, Wisconsin, Michigan, Arizona and Nevada. 

Even though both Harris and Walz have been officially nominated, convention organizers say there will be ceremonial roll calls in Chicago. 

And while a mostly unified and now energized Democratic Party will meet inside the United Center arena on Chicago’s West Side, outside the security perimeter, there will likely be scenes of anger and dissent – as demonstrators protesting the Biden-Harris administration’s support for Israel plan to take to the streets.

Party officials are hoping to avoid any type of repeat of their 1968 convention in Chicago, when scenes of fighting erupted among delegates, and clouds of tear gas and police batons used to smash protests, as divided Democrats brawled over the Vietnam War.

While Democrats are divided over the U.S. response to the soaring death toll among Palestinians in the Israel-Hamas war, political pundits say comparisons to the 1968 chaos are not justifiable.

However, the Coalition to March on the D.N.C., an umbrella group of organizations on the left that is helping to organize the planned protests, said in a social media posting on Sunday that Democratic Party officials ‘underestimate our rage, our tenacity, and our steadfast commitment to the precious life of every Palestinian person enduring this horrific genocide. We’re fighting back.’

Protesters are trading fire with Chicago officials over where they will be allowed to march during the convention. The activists are aiming for a longer route, which they say would better accommodate the tens of thousands of people they hope will protest. A federal judge overseeing the dispute between the protesters and city officials has yet to make a decision.

This post appeared first on FOX NEWS

U.S. Secretary of State Antony Blinken arrived in Tel Aviv in Israel on Sunday as he begins a Middle East tour with hopes of intensifying diplomatic pressure for a cease-fire between Israel and Hamas in Gaza this week.

The trip marks Blinken’s 10th time visiting the region since October, when the war between the terrorist organization and Israel began.

The secretary is expected to meet with senior Israeli leaders, including Prime Minister Benjamin Netanyahu, on Monday, a senior State Department official said.

After his visit to Israel, Blinken will travel to Egypt to continue his tour.

A senior Biden administration official told reporters on the way to Tel Aviv that talks to strike a deal for a cease-fire and release of hostages held in Gaza were at an ‘inflection point,’ adding that Blinken would be stressing to all parties the importance of getting this deal locked in.

‘We think this is a critical time,’ the official said.

‘The secretary is going to use this trip, starting with Israel, to just continue to stress the importance of getting this done,’ the official added. ‘I think it is apparent that a deal would not only be in the interest of the Israeli people but would also help alleviate some of the suffering in Gaza.’

Qatar, the U.S. and Egypt are mediating the discussions, though none have been able to get Israel and Hamas to reach an agreement after months of on-off negotiations.

Netanyahu’s office released a statement on Sunday, saying serial leakers are harming the ability to advance a deal.

‘They claimed for months that Hamas would never agree to give in on ending the war as a condition for a deal, and proposed giving in to Hamas’s demand,’ the statement read. ‘They were wrong then – and they are also wrong today. The Prime Minister has strongly insisted on this fundamental demand, which is vital to achieving the goals of the war, and Hamas changed its position.’

The prime minister’s office said Netanyahu continues to insist that Israeli forces remain on a border strip between Gaza and Egypt, known as the Philadelphi Corridor, to prevent weapons from being smuggled into Gaza.

‘The Prime Minister will continue to work on advancing a deal that will maximize the number of living hostages and which will enable the achieving of all of the war objectives,’ the office added.

Fox News’ Yonat Friling and Reuters contributed to this report.

This post appeared first on FOX NEWS

Vice President Kamala Harris’ rise to the top of the Democratic ticket has re-energized Black voters in the key swing states of Michigan and Pennsylvania.

Harris leads former President Trump 70%-9% among Black voters in Michigan and 70%-11% among Black voters in Pennsylvania, according to the results of a Suffolk University/USA Today poll released Sunday.

The results show that Harris has recovered some of the enthusiasm lost when President Biden was at the top of the ticket, with the Suffolk University/USA Today poll finding in June that Biden only led Trump 54%-15% among Black voters in Michigan and 56%-11% among Black voters in Pennsylvania.

‘There is no question that Harris at the top of the ticket has caused an immediate jump in support at the expense of all other candidates and categories,’ David Paleologos, the director of the Suffolk University Political Research Center, said in a press release about the new poll. ‘She is well on her way to unifying the Black community, though she’s still short of the kind of Black voter margins that she must secure to win states like Michigan and Pennsylvania.’

Biden’s slide with Black voters, a critical demographic for Democrats, was of particular concern to the party in the weeks leading up to his decision to drop out of the race. According to exit polls from 2020, Biden won over Black voters 92%-7% in both Michigan and Pennsylvania, two critical swing states likely to determine the outcome of the election.

Black voters in both states were asked if they believed Harris represented them, with 61% of Michigan Black voters saying she represents ‘people like me,’ while 27% indicated she did not represent Black voters. In Pennsylvania, 58% of Black voters indicated that Harris represents people like them, while 30% indicated she does not.

The Suffolk University/USA Today poll was conducted between Aug. 11-14, surveying 500 Black voters in both states. The poll had a margin of error of plus or minus 4.4 percentage points.

This post appeared first on FOX NEWS

Ohio Sen. JD Vance dismissed polling that shows Vice President Kamala Harris has taken the lead nationally and in key battleground states, arguing that the same polls were inaccurate in 2016 and 2020.

‘The polls tend to radically overstate Democrats, we certainly saw that during the summer of 2020 and summer of 2016 and, of course, a lot of those polls were wrong when it came to Election Day,’ Vance said during an appearance on ‘Fox News Sunday.’

The comments came after Fox News’ Shannon Bream told Vance about a recent New York Times poll that showed Harris ahead of former President Trump in Arizona and North Carolina at the same time as she has narrowed Trump’s lead ‘significantly’ in Georgia and Nevada.

‘What we have certainly seen is that Kamala Harris got a bit of a sugar high a couple of weeks ago, but what we’ve actually seen from our own internal data is that Kamala Harris has already leveled off,’ Vance said. ‘If you talk to insiders in the Kamala Harris campaign, they’re very worried about where they are because the American people just don’t buy the idea that Kamala Harris, who has been vice president for three and a half years, is somehow going to tackle the inflation crisis in a way tomorrow that she hasn’t for the past 1,300 days.’

Confronted with an ABC News/Washington Post poll that showed Harris with a 4-5 point lead over Trump nationally, Vance argued that the same poll has been off during past elections.

‘I think there are a lot of polls that actually show her stagnating and leveling off,’ Vance said. ‘ABC/Washington Post was a wildly inaccurate polster in the summer of 2020.’

According to the Real Clear Politics polling average, Harris took the national lead over Trump for the first time on Aug. 5 and has since grown that lead to 1.4 points.

The polling average also shows Harris with slim leads in the battlegrounds of Arizona, Wisconsin and Michigan, while Trump holds slim leads in Nevada, North Carolina and Georgia. Pennsylvania, meanwhile, is currently tied, the Real Clear Politics polling average shows.

Nevertheless, Vance argued that the Trump campaign cannot worry about polls and instead has to continue to work to get their message out.

‘If you see the numbers that we’re seeing, and you actually talk to the American people, I feel extremely confident we’re going to be in the right place come November,’ Vance said. ‘We can’t worry about polls, we have to run through the finish line, and encourage everybody to get out there and vote.’

This post appeared first on FOX NEWS