underlying

“The key, as always for investors, lies in maintaining discipline and focusing on the underlying structural factors behind the move,” he said.

Recovery usually occurs within a week, though some individuals—particularly older adults or those with underlying conditions—may experience prolonged discomfort.

“The underlying problem was that prices for new and previously built homes were higher than veterans could afford,” Mr. Nasaw writes, and “city and state efforts failed to do much to solve the housing shortage.”

There is also been a notable easing in firms’ price expectations recently, suggesting underlying price pressures are also cooling, he said.

Its midterm targets include mid-to-high teens annual growth in underlying pretax profit and an adjusted return on tangible equity in the high teens.