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 August, 2024? Financial markets quickly threw out a major downgrade from Citigroup for the housing sector. Hopes for rate cuts from the Federal Reserve continued to impact both the data and stock prices. While the on-going decline in mortgage rates has failed to … Read more
Housing Market Intro and Summary What happened in the housing market in April, 2024? After four months of growing more positive, home builders proceeded into the spring selling season thanks to drag from the South. In my previous Housing Market Review, I pointed out a positive start to the spring selling season. April painted a … Read more
Housing Market Intro and Summary What happened in the housing market in February, 2024? Breakouts and bottoms happened. In my previous Housing Market Review, I posited the possibility of a top in the seasonal trade on home builders. In the subsequent month, the stocks of home builders took on new life as investors forgot about … Read more
Housing Market Intro and Summary In my last Housing Market Review, I laid out the case for bracing for what 2023 would bring even as “faint signs of a bottoming for sentiment have started to appear.” The latest housing data and industry expectations suggest that the market is well-braced for 2023. The signs of bottoming … Read more
Housing Market Intro and Summary A continued respite from rising rates gave some breathing room for new home sales to stabilize in November while existing home sales continued to plunge with a dearth of inventory helping to suck air out of the room. Housing starts continued to plunge in parallel with home builder sentiment. However, … Read more