Finally Oversold! … But So What? – The Market Breadth

oversold - but so what

Stock Market Commentary Today was a brutal day in the stock market. The only good news I can report is that market breadth finally dropped into my official oversold territory. However, “so what?” sounds like an appropriate question to ask in the face of deepening market angst over tariffs. For example, a headline from Yahoo … Read more

Time for A Tariff Crash Trading Plan – The Market Breadth

Time for A Tariff Crash Trading Plan

Stock Market Commentary The stock market suffered experienced a jarring selloff during the announcement of reciprocal tariffs from President Trump, a move that, despite ample telegraphing, shocked both investors and global trade partners. The Futures dropped sharply, with even oil down 2.4% and the S&P 500 plunging as much as 3% after-hours. This tariff crash … Read more

What Happened In the Housing Market – Bear Market Deepened

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in March, 2025? The bear market deepened for housing related stocks as they fell off the edge of a deeper malaise. Growing economic warfare between the U.S. and the world and the resulting chaos is adding to housing woes along with the usual culprit … Read more

Reality Bites Rotten Eggs – The Market Breadth

Reality Bites Rotten Eggs - The Market Breadth

Stock Market Commentary Reality bites. And right now those bites are clamping down on rotten eggs in the form of a swift repricing of risk. Once high priced eggs are now eggs few shoppers want. Last week’s theme of bring the pain continued in force at this week’s open: more economic uncertainty, more economic fears, … Read more

Growth Scare or Overreaction – An Oversold Market or Something Worse?

Will deregulation and tax cuts far outweigh the economic damage of broad-based and global tariffs, chaos in the Federal government, and an assortment of other economic and policy uncertainties? This question rides high on the minds of traders and investors. Where you fall on this question might determine how worried you are about the current … Read more

What Happened in the Housing Market – The Edge of A Deeper Malaise

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in February, 2025? The bear market that scarred the landscape for builders returned. After January’s bear market, relief, the bear market is back and more deeply entrenched. The stocks and the housing data are even on the edge of a deeper malaise. On-going declines … Read more

Economic Warfare With the U.S.: Canada Braces for A Painful Structural Adjustment

Economic Warfare With the U.S.: Canada Braces for A Painful Structural Adjustment

In “Tariffs, structural change and monetary policy“, Bank of Canada governor Tim Macklem examined the potential fallout from economic warfare with the U.S. through tariffs. Macklem provided a dire outlook for the Canadian economy while at the same time sounding an optimistic tone for the potential of monetary policy to both prevent lasting inflationary impacts … Read more

What Happened In the Housing Market – Brief Bear Market Relief

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in January, 2025? The bear market that scarred the landscape for builders came to an end just ahead of an important December inflation report. Relief from that report combined with relief from a builder’s earnings report helped to seal the deal on the three … Read more

What Happened In the Housing Market – Suddenly, A Broken Narrative

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in December, 2024? Suddenly, the housing market is mired in a broken narrative after a brief drop in bond yields created a (fake) boost in November. The weakness showed up in stubbornly high mortgage rates and the dour commentary from earnings reports. The data … Read more

What Happened In the Housing Market – A Boost from Rates

What Happened In the Housing Market – A Boost from Rates

Housing Market Intro and Summary What happened in the housing market in November, 2024? October’s reckoning transformed into a rebound with a boost from a sharp drop in long-term interest rates. The partial recovery came just in time for the seasonal strength in the stocks of home builders. The housing data for October showed mixed … Read more