The US is now conducting over 500,000 tests per day, and that might be enough to allow test-and-trace in some…
Continue ReadingFannie Mae: Mortgage Serious Delinquency Rate Increased in May
Fannie Mae reported that the Single-Family Serious Delinquency increased to 0.89% in May, from 0.70% in April. The serious delinquency…
Continue ReadingLas Vegas Visitor Authority: “No Convention Attendance, Hotel Occupancy 2.8%” in May
From the Las Vegas Visitor Authority: May 2020 Las Vegas Visitor Statistics Reflecting the continued shutdown in place due to…
Continue ReadingSector Spotlight: S&P Losing Momentum
On this episode of Sector Spotlight, I check the seasonality for the month of July, but no clear over- or underperforming…
Continue ReadingTesla (TSLA) Is Driving Through Resistance
Tesla has been a leading auto stock ($DJUSAU) since it bottomed at 176.99 on June 3, 2019, but few traders…
Continue ReadingFed Chair Powell: “Coronavirus and CARES Act” at 12:30 PM ET
Here is Fed Chair Powell’s prepared testimony: Coronavirus and CARES Act The livestream is here starting at 12:30 PM ET.
Continue Reading“Chemical Activity Barometer Falls Slightly In June”
Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Falls…
Continue ReadingCase-Shiller: National House Price Index increased 4.7% year-over-year in April
S&P/Case-Shiller released the monthly Home Price Indices for April (“April” is a 3 month average of February, March and April…
Continue ReadingTuesday: Case-Shiller House Prices, Fed Chair Powell Testimony
Note: Here is Fed Chair Powell’s prepared testimony: Coronavirus and CARES Act From Matthew Graham at Mortgage News Daily: Mortgage…
Continue ReadingThe Financial ETF – Dissecting the Chart
Over the weekend, I covered the financial sector in depth. Last week, the Volcker rule was rolled back, while the…
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