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 December 14, 2012. Click here to read the entire piece.) Nine months ago, I wrote about Vertical Capital Income Fund as a way to participate in the bottoming of housing through an investment in mortgages. On November 28th, I checked in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2012. Click here to read the entire piece.) I have followed Lender Processing Services (LPS) for a little over two years. It all started soon after LPS sold off swiftly in the wake of disclosures regarding “foreclosuregate” in late … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2012. Click here to read the entire piece.) {snip} It is hard to be bearish on the U.S. economy when housing is working. Homebuilders are also the ultimate play on the U.S. economy given the minimal (direct) linkage to … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 17, 2012. Click here to read the entire piece.) Zillow’s Q3 negative home equity report helps to shed more light on the underlying factors supporting the housing recovery. According to Zillow (Z): “…high negative equity rates have contributed to appreciation, … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 14, 2012. Click here to read the entire piece.) By now, news about the budding housing recovery should feel like very old news. However, I think it still makes sense to continue checking in with companies with front row seats … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 5, 2012. Click here to read the entire piece.) Back in February, I reviewed the latest earnings report from Whirlpool (WHR) and concluded that the stock still had upside but it was better to buy on a dip. {snip} Source: … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 31, 2012. Click here to read the entire piece.) Last week’s U.S. GDP print (advance estimate, revisions to come) came in slightly stronger than expected with an annualized growth rate of 2.0%. Financial markets had relatively muted reactions. The S&P … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2012. Click here to read the entire piece.) U.S. homebuilders continue to beat a drum of optimism. KB Home (KBH) is no exception. In its July earnings report, KBH established a strategy of “Going on Offense”. KBH provided more … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 28, 2012. Click here to read the entire piece.) Congratulations to those of you who were able to ignore the bears on housing and stick with housing stocks this year. The SPDR S&P Homebuilders ETF (XHB) has finally recovered all … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 7, 2012. Click here to read the entire piece.) In “Home Builders Don’t Have Enough Workers to Meet New Demand“, CNBC reports that housing markets with strong demand are reporting severe shortages of labor. These strong markets include the Western … Read more