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 What happened in the housing market for August, 2025? The housing data remained stuck in slowdown territory, but the stock market followed through as expected on a bearish to bullish turn in the prices of the stocks of home builders. Financial markets are largely anticipating lower mortgage rates as a … Read more
Housing Market Intro and Summary What happened in the housing market in November, 2024? October’s reckoning transformed into a rebound with a boost from a sharp drop in long-term interest rates. The partial recovery came just in time for the seasonal strength in the stocks of home builders. The housing data for October showed mixed … Read more
Housing Market Intro and Summary What happened in the housing market in June, 2024? The broadening weakness I described in my previous Housing Market Review continued and confirmed a spring selling season bust. The data in June delivered a picture of a sales slowdown accompanied by increasing affordability squeezes despite inventory increases. Housing Stocks The … Read more
Housing Market Intro and Summary What happened in the housing market in February, 2024? Breakouts and bottoms happened. In my previous Housing Market Review, I posited the possibility of a top in the seasonal trade on home builders. In the subsequent month, the stocks of home builders took on new life as investors forgot about … Read more
Housing Market Intro and Summary The spring selling season housing market looked “defiant” going into the end of a cycle. In June, the housing market looks like it refuses to let the cycle end as it sails past the expected sunset. New home sales and housing starts surged as the market for existing homes barely … Read more