ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The last Housing Market Review covered data reported in September, 2017 for August, 2017. At the time, I described a growing rift between the data and the stocks of home builders. Instead of stumbling, housing stocks received a fresh breath of life and kicked up the momentum another notch higher in October. The iShares U.S. … Read more
The last Housing Market Review covered data released in February, 2016. At the time, sentiment and data ahead of the Spring selling season was not as strong as I had anticipated. The iShares US Home Construction ETF (ITB) has gained little since then and has even stalled out at resistance at its 200-day moving average … Read more
The last Housing Market Review covered data released in January, 2016. At the time, I warily looked at a nervous market and insisted that the steep decline in the iShares US Home Construction ETF (ITB) and individual home builder stocks presented a great buying opportunity. I was conservative in my expectations including looking out to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 17, 2015. Click here to read the entire piece.) The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for February came in at 55. The biggest change in the index came from a large drop in the component … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2014. Click here to read the entire piece.) The latest Housing Market Index (HMI) from the National Association of Home Builders (NAHB) and Wells Fargo demonstrates a very large and sudden drop in the confidence of home builders in … Read more