Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
New Housing Policy Could Trigger Development Boom In New York City
After years of waiting, New York City finally has a housing policy with the potential to unleash a surge of new development including office-to-residential conversions.
Outlined by Gov. Kathy Hochul in the New York Fiscal Year 2025 Budget, the plan creates tax incentives for new housing. (Full Report)
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Dow Closes 400+ pts Higher as April Jobs Report Bolsters Fed Rate Cut Hopes
All the averages capped off a winning week. The Dow and Nasdaq rose 1.14% and 1.43%, respectively, while the S&P 500 added 0.55%. Traders are pricing in a second rate cut by the end of the year. Fed funds futures trading data suggests a nearly 50% likelihood of a a 25 basis point rate cut in September. (Full Story)
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