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 What happened in the housing market in February, 2025? The bear market that scarred the landscape for builders returned. After January’s bear market, relief, the bear market is back and more deeply entrenched. The stocks and the housing data are even on the edge of a deeper malaise. On-going declines … Read more
Housing Market Intro and Summary What happened in the housing market in January, 2025? The bear market that scarred the landscape for builders came to an end just ahead of an important December inflation report. Relief from that report combined with relief from a builder’s earnings report helped to seal the deal on the three … Read more
Housing Market Intro and Summary What happened in the housing market in December, 2024? Suddenly, the housing market is mired in a broken narrative after a brief drop in bond yields created a (fake) boost in November. The weakness showed up in stubbornly high mortgage rates and the dour commentary from earnings reports. The data … Read more
Housing Market Intro and Summary What happened in the housing market in November, 2024? October’s reckoning transformed into a rebound with a boost from a sharp drop in long-term interest rates. The partial recovery came just in time for the seasonal strength in the stocks of home builders. The housing data for October showed mixed … Read more
Housing Market Intro and Summary In “Marching Under the Shadow of Recession Fears – Housing Market Review” I spent some time discussing the impact of the Fed’s move to normalize monetary policy. That impact continues to ripple through the housing data. Yet, individual home builders are not yet reporting much impact from rising rates. They … Read more