The stock market bottomed three months ago. In the 65 trading says since, the S&P 500 gained 41%, the strongest…
Continue ReadingNMHC: Rent Payment Tracker Finds 92 Percent Paid Rent as of June 20th, Same Pace as in June 2019
From the NMHC: NMHC Rent Payment Tracker Finds 92.2 Percent of Apartment Households Paid Rent as of June 20 The…
Continue ReadingXLE is Down 9% But Still Moving Up Into the Leading Quadrant…. Why?
This question was forwarded to me by Dave Keller after he received it in the mailbag for his show The…
Continue ReadingA few Comments on May New Home Sales
New home sales for May were reported at 676,000 on a seasonally adjusted annual rate basis (SAAR). However sales for…
Continue ReadingNew Home Sales increased to 676,000 Annual Rate in May
The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 676 thousand.…
Continue ReadingWhat are 10-Year T-Note Options on Futures?
Among the most actively-traded options on futures products are 10-Year T-Note futures options. Derivative of 10-Year Treasury Notes, these options…
Continue ReadingExtremes in Sentiment Mean Extreme Bullishness
When I’m prioritizing information to help me understand the broad market environment, I tend to consider this as the order…
Continue ReadingTuesday: New Home Sales
From Matthew Graham at Mortgage News Daily: Mortgage Rates Hold Ground Near Lows. Can it Continue? Mortgage rates held their…
Continue ReadingThe Market Will Not Go Down Unless…
The market will not go down unless… The death rate from COVID-19 spikes – not simply the number of cases.…
Continue ReadingJune 22 COVID-19 Test Results, Highest Percent Positive since Late May
Note: I started posting this graph when the US was doing a few thousand tests per day. Clearly the US…
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