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 While Congressional passage of landmark housing legislation positively changed sentiment toward home builders, the underlying housing data continues to point toward stasis. Only existing home sales showed life in May while all the other indicators deteriorated or remained flattish. A decline in builder sentiment for May suggests that housing data … Read more
Housing Market Intro and Summary Across builder stocks, construction activity, permits, new home sales, and existing home sales, the same pattern persists: the housing market has yet to achieve the escape velocity needed to break free from its multiyear ranges. A month ago, the housing market and related stocks looked like they were clinging to … Read more
Housing Market Intro and Summary What happened in the housing market in September, 2024? Existing home sales fell into a deeper downturn while new home sales maintained an uptrend from recent troughs. Rate cuts are helping to bottom out sentiment for builders. However, great anticipation of a rate cut from the Federal Reserve gave way … Read more