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Existing home sales for April confirmed what we have already seen with new home sales: the market peaked at the turn of the year. Sales declined 2.7%, seasonally adjusted, compared with March, to 5.85 million units annualized. That is the lowest number since last July’s 5.90 mi...
I am now arguing that we are in the early stages of a monetary policy mistake that the Fed is committing. I first cover the state of fiscal policy, which has deteriorated like never before. Spending is essentially out of control and off the charts. Inflation is fully expected to a...
Total housing starts fell to a 1.569 million annual rate in April from a 1.733 million pace in March, a 9.5 percent decrease. For housing permits, total permits rose 0.3 percent to 1.760 million in April from 1.755 million in March. Total permits are 60.9 percent above the April 2020 ...
The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, reports Redfin.Affluent Americans working remotely from vacation destinations are driving second home sales.The rise demand for second ho...
Today's post rolls out the inaugural Risk Review column for the major asset classes, a monthly update that's the companion piece to the monthly performance report and risk-premia estimates. Risk analysis is a broad and deep subject and so this monthly update will be no one's idea of a...
Leveraged ETFs may be unpredictable. A drift dashboard with 22 of them. A closer look at a leveraged real estate ETF: DRN. For further details see: Drift Dashboard In Leveraged ETFs And Focus On DRN
Current economic data is certainly strong - although not universally so - but the bond and currency markets may be pointing to some weakness ahead. The copper to gold ratio which peaked in early March, leading bond yields by a full month, has recently resumed its uptrend. The comm...
REITs extended their 2021 winning streak with a +3.02% average total return in March. Large cap REITs (+5.69%) outperformed in March, while micro caps (-1.57%) saw their first decline of the year. 74.73% of REIT securities had a positive total return in March. Single Family Ho...
Sales of new single-family homes rose sharply in March, increasing 20.7 percent to 1.021 million at a seasonally-adjusted annual rate from an 846,000 pace in February. Sales were up in three of the four regions of the country in March with strong double-digit gains in the Northeast, t...
The pace of recovery has begun to diverge across economies, with vaccination progress and the scale of government stimulus among the biggest swing factors. Macro disparities have also begun filtering into EPS growth expectations. Cyclically sensitive sectors have dominated the upg...
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2024-05-30 10:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-20 11:12:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-20 22:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...