Weekly Market Notes - June 12, 2017

by: Robert W. Baird & Co.

Summary

Housing Affordability Index drops to lowest level in ten months – rising home prices offset lower mortgage rates; Bloomberg Consumer Comfort Index down for first time in four weeks; jobless claims plunge, close to 44-year low.

FOMC meets this week with rate hike near certain.

Demand for puts suddenly drops; VIX hits two-decade low.