ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on September 29, 2013. Click here to read the entire piece.) {snip} Source: St. Louis Federal Reserve Homebuilder stocks joined most rate-sensitive plays by falling sharply from their lofty levels once the direction and momentum of rates became clear. {snip} I consider … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 6, 2013. Click here to read the entire piece.) Homebuilders have claimed immunity from higher interest rates, and they are acting like it. Today (September 4th), Meritage Homes (MTH) and M.D.C. Holdings (MDC) announced their continuing expansion and investment in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 15, 2013. Click here to read the entire piece.) As markets worldwide await the Federal Reserve’s meeting September 17-18th, I imagine that housing will play a major role in the decision-making for monetary policy. Interest rates have risen sharply in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 23, 2013. Click here to read the entire piece.) I have followed Lender Processing Services (LPS) for what seems like a very long time, a near lone voice on Seeking Alpha banging the table for LPS as a recovery play … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 27, 2013. Click here to read the entire piece.) In December of 2012, I provided a description of the housing recovery from the eyes of mortgage investors who could see the recovery but worried about tightening credit conditions. Six months … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2013. Click here to read the entire piece.) {snip} In Bubble Watch, Trulia Chief Economist Jed Kolko, Ph.D. explains that housing is not back in bubble territory based on incomes (which determine how much people can pay), rents (which … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 15, 2013. Click here to read the entire piece.) TRI Pointe Homes (TPH) reported very strong earnings for the second quarter of 2013. {snip} Year-over-year results were strong, and TPH raised guidance for the year. {snip} Based on strong demand, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 17, 2013. Click here to read the entire piece.) In September of last year, Toll Brothers (TOL) printed a near 7-year high. It was the culmination of an amazing 12-month run that took the stock up 164% from a retest … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 9, 2013. Click here to read the entire piece.) In November of last year, I identified M.D.C Holdings, Inc (MDC) as my second favorite pick for homebuilders for 2013. The main attraction was the sharp drop in short interest in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2013. Click here to read the entire piece.) In late November, 2012, I made a list of my homebuilder picks for 2013. I combined valuation, price changes, and short interest to build the list. Almost 6 months later, it … Read more