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National delinquencies fell in March to a 12-month low, including a decrease of 19,500 serious delinquencies in hurricane-devastated areas. However, this may not reflect that hurricane areas are getting better, in fact, it could mean they’re getting worse.
The first quarter of the year was a real roller coaster ride in the U.S. equity markets. A big run-up in January was followed by an even bigger slide in February. After peaking at 2782 on January, the S&P 500 index plunged to 2581 on February 8th. Unfortunately, the...