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Sales of existing homes decreased 2.7 percent in March, to a 5.77 million seasonally adjusted annual rate. For the single-family segment, inventory was up 12.2 percent for the month at 830,000 but is 6.7 percent below the March 2021 level. Housing is likely to be volatile over the...
Macro trends set the stage for money flows and the big trends of the moment are all based on supply chain problems and the subsequent inflation created by the pandemic and the subsequent sequelae. The Fed can’t raise interest rates forever. So as long as VIX is falling, it ...
Starts in the dominant single-family segment posted a rate of 1.200 million in March versus 1.221 million in February, a drop of 1.7% and are off 4.4% from a year ago. Two of the three components of the Housing Market Index fell in April. Higher home prices and higher mortgage rat...
NAHB’s monthly homebuilder sentiment index dropped 2 points in April to 77. Present sales dropped 2 points for the second month in a row. As homebuilder sentiment drops, so too have homebuilder stocks. For further details see: Western Wobbling In Homebuilder Senti...
Lumber futures (LB1:COM) fell as much as 8.4% to $870 per 1,000 board feet in Chicago on Monday, hovering near four-month lows and extending a slump to 30% since early March. ETFs: (NYSEARCA:XHB), (WOOD), (CUT), (NAIL) Potentially relevant tickers include (WY), (WFG), (LPX), (PCH), (RFP), (OT...
Typically, we look at net new highs as a way to confirm moves in the broader market. At the high last Wednesday, over 90% of S&P 500’s new highs came from defensive sectors. In other words, defensives have been a notable pocket of strength recently. For further de...
The broader equity categories turned in negative results in Q1. U.S. large-cap stocks, as measured by the S&P 500 Index, held up the best at a decline of 4.6%. Bonds performed worse than many of the equity categories, despite typically being viewed as a safe haven investment. In t...
Does the yield curve inversion cause a recession or does it just provide a signal? Is the inversion only about expected future monetary policy? Do other factors also influence the shape of the curve, and if so, can we disentangle the various factors? There is a lot that we don’...
The PHLX Housing Index has been down sharply since the beginning of the year. Mortgage rates are now approaching 5%. The last time rates got this high, the sector broke. For further details see: Housing Stocks Plunge Amid Soaring Mortgage Rates
Self-storage REITs- which delivered the most impressive rebound of any property sector throughout the pandemic- have built on their gains in early 2022 following a jaw-dropping 80% surge last year. Stumbling into the coronavirus pandemic with challenged fundamentals and an outlook for...
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2024-08-02 09:36:00 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...
2024-07-03 08:00:00 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...
A look at the top 10 most actives in the United States Yield10 Bioscience Inc. (YTEN) rose 135.5% to $0.5722 on volume of 57,300,938 shares Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 8.7% to $3.16 on volume of 30,926,102 shares Kaival Brands Innovations Group Inc. (KAVL) rose...