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 The pandemic recession ended for housing in July. August demonstrated that an all-out housing boom is underway. I was expecting the housing data to start normalizing. Instead, demand pushed ever higher and supply tightened further. Housing Stocks Toll Brothers (TOL) started last week with a preliminary report on net new … Read more
Housing Market Intro and Summary The housing downturn ended almost as quickly as it began. V-shaped recoveries are evident across a spectrum of data, especially in home builder sentiment and new home sales. Home builders continue to describe extremely strong demand that, in many cases, goes beyond the release of buying power pent-up by the … Read more
Housing Market Intro/Summary The housing market has become a lot more dynamic than usual, so over the past few months I have written more pieces beyond the monthly housing market review. The current economic crisis coming from the coronavirus pandemic has increased my frequency of coverage. The most telling moments came when I wrote to … Read more
Housing Market Intro/Summary The short-term outlook for the housing market is clouded by the current global turmoil generated by the coronavirus. The housing data discussed below were all collected before the virus came to the forefront of the minds of Americans. While demand for housing in the U.S. should remain strong (and certainly times like … Read more
Housing Market Intro/Summary {Note a rough draft of this post was inadvertently posted on January 20, 2020} When I wrote the Housing Market Review for December, I described a “precarious” divergence between the performance of the iShares US Home Construction (ITB) and the S&P 500 (SPY). In late December, dour commentary from JP Morgan (JPM) about … Read more