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 January 29, 2014. Click here to read the entire piece.) In several posts, I have noted that the consolidation in 2013 for homebuilder stocks could become a springboard for a fresh rally in 2014. It seems the homebuilder breakout may have … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 6, 2014. Click here to read the entire piece.) {snip} The above quote pretty much sums up the attitude of homebuilders (ITB) going into 2014. It sounds like a classic sales pitch from a real estate agent, but the evidence … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 29, 2013. Click here to read the entire piece.) {snip} Source: St. Louis Federal Reserve Homebuilder stocks joined most rate-sensitive plays by falling sharply from their lofty levels once the direction and momentum of rates became clear. {snip} I consider … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2013. Click here to read the entire piece.) In late November, 2012, I made a list of my homebuilder picks for 2013. I combined valuation, price changes, and short interest to build the list. Almost 6 months later, it … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 21, 2013. Click here to read the entire piece.) On January 17th, NPR’s All Things Considered ran a story called “Homebuilding Is Booming, But Skilled Workers Are Scarce.” It was yet another story adding to the evidence that the tightness … 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 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