What Happened in the Housing Market – Increasing Pressure

What Happened to the Housing Market

Housing Market Intro and Summary In my previous housing market update, I described an enduring bear market in homebuilder stocks alongside weak sales, depressed builder sentiment, and constrained affordability. Unfortunately, that underlying story remains intact. Increasing pressure from higher mortgage rates, weakening builder sentiment, and stressed homebuilder stocks overshadows the month-over-month gains in housing starts … Read more

Chart Review: The Spain ETF (EWP) Hits Nine-Year Lows

Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now. Source: FreeStockCharts.com In the latest news, the European Commission … Read more

Spain’s Turn to Bring A Frown to Markets

The stock market has already started cooling off from overbought conditions, but the weakening euro, increasing bond yields, and widening spreads have markets on edge yet again. After listening to a Planet Money segment on the financial problems in Spain called “A Theme Park, An Airport And The Next Banking Crisis” by Chana Joffe-Walt, I … Read more