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 August 27, 2015. Click here to read the entire piece.) When I wrote “A Time To Sell Some Housing Stocks,” I could not have come close to imagining its timeliness. The current market sell-off since then has been so deep and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 17, 2015. Click here to read the entire piece.) After regional homebuilder LGI Homes (LGIH) produced stellar earnings results earlier this month, I had high hopes for Century Communities (CCS) as well. CCS’s results for its second quarter were good, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 19, 2015. Click here to read the entire piece.) I have spent a lot of time over the past four years touting the attractiveness of stocks in homebuilders. The ride has offered a lot of bumps along the way but … Read more
My case for managing risk by peeling back some of my holdings in homebuilders turned out to be quite timely. In what has become a near regular pattern for the iShares US Home Construction (ITB), sharp selling has quickly followed a strong run-up and rush of excitement in homebuilders. The sellers and bears are almost … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 3, 2015. Click here to read the entire piece.) The rate of homeownership in the U.S. fell a fraction of a percent in the second quarter – from 63.8% in the first quarter to 63.4%. Many headlines rang with alarm. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2015. Click here to read the entire piece.) In several posts over the past few years, I have written about the many constraints binding the housing market. Based on recent news, the situation has yet to improve and has … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 14, 2015. Click here to read the entire piece.) There are plenty of reasons to worry about the U.S. housing market. I am not adding China’s recent market turmoil to the list. In a piece called “Will China flee or … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 2, 2015. Click here to read the entire piece.) On May 27th, the Federal Reserve Board published the second annual results of its Survey of Household Economics and Decisionmaking (SHED). {snip} Based on the Fed’s survey results, I concluded that … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 10, 2014. Click here to read the entire piece.) The bursting of the housing bubble destroyed the supply chain at several critical junctures. For example, employment in the industry collapsed. While the overall unemployment rate in the industry has returned … Read more