ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary This edition of “What Happened in the Housing Market” is once again without data on housing starts and new home sales because of the previous shutdown of the Federal government. Yet, plenty of data dropped to confirm the on-going sluggishness of the housing market. Poor responses to key earnings report … Read more
Housing Market Intro and Summary This edition of “What Happened in the Housing Market” is truncated again because the shutdown of the Federal government. Yet, the shutdown did not prevent the stocks of home builders from outperforming the rest of the stock market for the month. Optimism over lower interest rates, improved affordability metrics, and … Read more
Jumia Technologies (JMIA) reached another major milestone on its way to becoming a sustained factor in African e-commerce. CEO Francis Dufay announced in the Q3 earnings call that “Jumia has reached an inflection point…We are building a solid foundation for sustainable, profitable growth and the results are becoming increasingly visible”. Last week, November 13, 2025, … Read more
Housing Market Intro and Summary This edition of “What Happened in the Housing Market” is truncated because the shutdown of the Federal government prevented the release of data from the U.S. Census Bureau. The Census Bureau is responsible for reports on housing starts and new home sales. The remaining data in this month’s post depicts … Read more
The bearish to bullish reversal ended for home builder stocks with a return to bear market territory. Today, October 9, 2025, the iShares U.S. Home Construction ETF (ITB) dropped under the threshold that defines a bear market: 20% below the all-time high (see chart below). The 2.6% slide on the day is part of a … Read more