ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Less than a week ago, a disappointing GDP report helped to dampen enthusiasm for the Australian dollar (FXA) following a policy statement from the Reserve Bank of Australia (RBA). Now, the script has flipped after the Australian Bureau of Statistics reported a strong employment report for November, 2017. While the unemployment rate stayed at 5.4%, … Read more
Tri Pointe Group (TPH) was the last home builder stock I sold as a part of my last cycle of home builder investments. It was also my longest-standing holding; I only exited after the sell-off inspired by the first release of details for tax reform stopped me out of the stock. The stock had a … Read more
The currency market painted a bullish interpretation of the latest monetary policy decision from the Reserve Bank of Australia (RBA). By the time of the September quarter GDP report, that incremental bullishness disappeared and setup a bearish interpretation of the Australian economy. Source: FreeStockCharts.com The net result, which includes a U.S. jobs report, is an … Read more
In my last review of the housing market, I ran out of time to comment on an emphatic statement from the National Association of Home Builders (NAHB) regarding its failure to influence the Republican plan for tax reform. The tax plan coming out of the GOP side of the House of Representatives includes a provision … Read more
The last Housing Market Review covered data reported in September, 2017 for August, 2017. At the time, I described a growing rift between the data and the stocks of home builders. Instead of stumbling, housing stocks received a fresh breath of life and kicked up the momentum another notch higher in October. The iShares U.S. … Read more