Today's Commentary · July 9, 2026
July 9: Tech, Retail Mgr. jobs; Hedging, warehouse, processing tools; M&A ramifications continue; Declining demand for housing
This morning, we head to Los Angeles, the site of the fires in the Pacific Palisades area in January 2025. Governor Gavin Newsom recently announced that FEMA approved California’s request to extend critical disaster assistance for Los Angeles fire survivors. More than 18,000 structures were destroyed. Seventy percent of those families don’t have a place to live yet. On the flip side, a white paper from the Mortgage Bankers Association (MBA) argues any shortages could invert within the next decade and that the reversal carries direct consequences for mortgage...