ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Housing Market Intro and Summary In my last Housing Market Review, I discussed the prospects for the impact of higher interest rates. I concluded there could be little impact on prices. Those dynamics could soon be overshadowed by the impacts of a global economic war and the declining sentiment that comes from watching the misery … Read more
Housing Market Intro and Summary A hawkish Federal Reserve has changed the game for the housing market. At first, I thought the normalization in monetary policy would generate a “settling in” for the housing market. However with inventories tight, a scarcity in available labor, rising material costs, and a dysfunctional supply chain, higher rates may … Read more
Housing Market Intro and Summary The story of housing remained relatively steady for most of the year: low inventory, rising prices, strong demand, low interest rates, and the desire for more space, especially in the suburbs. In my last Housing Market Review, I explored the market as a nexus of economic recovery and inflation. In … Read more
Housing Market Intro and Summary The home builder stock buying season started on a firm foundation. November delivered strong follow-through across a broad range of housing-related stocks even as the housing data settles into a period of normalization. Demand for new and existing homes is well off last year’s heated levels. Supply remains extremely tight … Read more
Housing Market Intro and Summary In the last Housing Market Review, I described the growing calm in the housing market data that contrast with the sell-off in home builder stocks. That sell-off worked in sync with the general stock market. The rebound in October also worked in parallel with the general stock market. As a … Read more
Housing Market Intro and Summary The housing market’s comfortable calm continued into September even as the stock prices of home builders raced downward. A general sell-off in the stock market ensnared housing-related stocks. Yet, the housing data reported in September showed little change from the prior month. While home builder stocks ignore the calm in … Read more
Housing Market Intro and Summary Despite more evidence of slowing conditions in the housing market, home builder stocks remained relatively resilient in August. The underlying dynamics of demand remain in place even as housing prices remain lofty and continue to conjure up images of a housing bubble for market commentators and pundits. A supportive Federal … Read more
Housing Market Intro and Summary “When will the housing market crash?” I hear this question from people astounded by the housing market’s strong performance during the pandemic. The housing market is not heading into a crash anytime soon. Demand remains strong, inventories are scarce, mortgage rates are rock bottom, home buyers are in strong financial … Read more
Housing Market Intro and Summary The housing data for April and now May confirm that the housing market had a kind of false start to the Spring selling season. Normalization continues to pressure short-term trends. Housing starts, new home sales, existing home sales, and home builder sentiment are in key downtrends. These measures are now … Read more
Housing Market Intro and Summary The Spring selling season looked like it started strong for new home sales. The data for April reveal a story evolving differently. Absolute inventories rose for both existing and new homes and yet sales declined. Housing starts also suffered a setback. Median prices of homes soared, especially for new homes, … Read more