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 April 28, 2013. Click here to read the entire piece.) The San Francisco Bay Area is known for its micro-climates. {snip} This area also has matching housing micro-climates. The crash and recovery from the housing bubble has exacerbated these micro-climates. In … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 14, 2013. Click here to read the entire piece.) I quickly caught a Bloomberg headline about plans from Vornado Realty Trust (VNO) to sell more than it buys. I went to the VNO 2012 annual report to see for myself … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 9, 2013. Click here to read the entire piece.) TRI Pointe Homes (TPH) is a 4-year old company based in Irvine, California that on January 31, 2013 became the first homebuilder to go IPO since 2004. The Starwood Fund, managed … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 17, 2013. Click here to read the entire piece.) The U.S. core Consumer Price Index (CPI) increased 0.1% month-over-month in March as reported inflation continues to be mild. Housing is one industry that is no longer sticking to the script … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 28, 2013. Click here to read the entire piece.) The Office of the Comptroller of the Currency (OCC) just released its report on mortgage performance for the fourth quarter of 2012. It is a story of mortgages that continue to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 5, 2013. Click here to read the entire piece.) {snip} This decline in USD/CAD abruptly ended today with a very poor Canadian employment report that was well below expectations. The unemployment rate ticked up from 7.0 to 7.2% as the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 24, 2013. Click here to read the entire piece.) There were a lot of interesting nuggets in the January existing home sales report from the National Association of Realtors (NAR). The continuing decline in housing inventory has really caught my … Read more
This is an excerpt from an article I originally published on Seeking Alpha on February 5, 2013. Click here to read the entire piece.) {snip} In previous pieces on the real estate market, I have referenced how cash buyers and buyers with very high credit scores have provided the main buying power in the housing … Read more
This is an excerpt from an article I originally published on Seeking Alpha on February 4, 2013. Click here to read the entire piece.) Long-term interest rates are moving higher. Although it can be difficult to interpret the meaning of interest rate movements given the Federal Reserve is an active player in manipulating rates, I … Read more
This is an excerpt from an article I originally published on Seeking Alpha on February 3, 2013. Click here to read the entire piece.) On January 31st, Lender Processing Services (LPS) announced the company has settled with the attorneys general of 46 states and the District of Columbia over accusations of fraudulent practices in its … Read more