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Summary Today's market X-ray shows the returns for each index, asset class, sector, and so on, since the recent low point on June 16th. Of the global indices, US small caps are in the lead, followed by the NASDAQ. High beta stocks are the most preferred factors since June 16. ...
Summary The Homebuyer Affordability Fixed Mortgage Index from the National Association of Realtors has plunged to its lowest level since 1989. The supply of new homes is nearly as high as it was at its highest after the previous housing bubble popped. Removing the corporate de...
Summary After showing renewed signs of life following a solid earnings season, Mall REITs are again the worst-performing major property sector in 2022 as recession concerns have offset modestly-improving fundamentals. A microcosm of broader macroeconomic trends, mall sector dynami...
Summary The housing market is weird. Sales are slowing, and home builders are calling it a recession. US home prices grew at an unprecedented rate during the pandemic when the Fed's QE program aimed to bring mortgage spreads down. Homeowners are less leveraged than they were g...
Summary Sales of new single-family houses collapsed by 12.6% in July from the already beaten-down levels in June, and by nearly 30% from July last year, to a seasonally adjusted annual rate of 511,000 houses. Inventory for sale in all stages of construction jumped to 464,000 house...
Summary June’s sales data was indeed revised slightly lower from 590,000 to 585,000. The median price of a new home rose on a monthly basis to $439,400, below April’s peak of $458,200. Sales have continued to fall, prices have now likely turned down, and inventor...
Summary New home sales fell, but the average price of a new home sold in the U.S. spiked much higher. Our revised estimate for June 2022 is $31.22 billion, a 0.8% reduction from our initial estimate, but against which, July 2022's estimated market cap represents an increase. N...
Summary The recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high rates of inflation, and the most hawkish global central bank tightening cycle in history. The $6 trillion of hel...
New home sales were reported for July as down nearly 13% to 511K, a number that is just about the average since 2010 (543k). But that doesn’t tell the whole story obviously. New home sales have fallen sharply since December of last year, down 39%. The drop from the peak in Augu...
Sales of new single-family homes fell again in July, dropping 12.6 percent to 511,000 at a seasonally-adjusted annual rate from a 585,000 pace in June. The median sales price of a new single-family home was $439,400, up from $457,300 in June (not seasonally adjusted), putting the 12-m...
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2024-06-24 12:06:00 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...
2024-06-02 21:20:00 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...
2024-03-04 23:30:00 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...