Daily Rundown
October 20, 2026
Chart of the Day
Number of the Day
18.0
The National Association of Home Builders’ prospective buyer traffic index in October, down from 23.0 in the prior month and the lowest since the recession in 2020
Quote of the Day
“Loan growth moderated during the quarter. The mix of loan growth continues to migrate towards high-quality credits, and while this creates a headwind for asset spreads, net interest income, and margin, the economic tradeoff is evident in improving credit results...”
Regions CFO Anil Chadha
Monday’s Highlight
The homebuilder sentiment index (October) fell by 3.0 points to 29.0, lowest since 2012
Quick Commentary
The silver lining in the housing market’s malaise is that there is likely little downside risk from here given the already low levels of activity and sentiment. The next downturn is shaping up to be much more like 2001 than 2007-09, one in which housing remains relatively steady while the capex boom turns to bust.
Today’s Highlight
Housing starts
Daily Trivia
What ill-fated company’s COO, who is currently incarcerated in California, had a vanity license plate reading “DASKPTL”, a reference to the Karl Marx book Das Kapital?
(Monday’s Question: What country’s benchmark equity index fell by 77 percent in one day in 2008, as its three largest banks all collapsed? Answer: Iceland)