Note: This is a composite index of other data. From the Chicago Fed: Index Suggests Economic Growth Increased Further in…
Continue ReadingUncategorized
July 20 COVID-19 Test Results
The US is now reporting over 700,000 tests per day. Based on the experience of other countries, the percent positive…
Continue ReadingJunk Bonds – A Test of Resistance
With such divergence blaringly apparent in the market, I like to look at junk bonds. Junk bonds help us see…
Continue ReadingMBA Survey: “Share of Mortgage Loans in Forbearance Decreases for Fifth Straight Week to 7.80%” of Portfolio Volume
Note: To put these numbers in perspective, the MBA notes “For the week of March 2, only 0.25% of all…
Continue ReadingLawler: Serious Delinquency Rate on FHA-Insured SF Loans Surged in June
CR: Note that Lawler is discussing the sharp increase in serious delinquencies in June according to the Early Warning System.…
Continue ReadingXLB Is Picking Up More Strength As Sector Rotates Further Into Leading Quadrant, XLK Loses Relative Momentum Inside Weakening.
On the weekly Relative Rotation Graph for US sectors, there are five sectors rotating at the right hand side of…
Continue ReadingSacramento Housing in June: Sales decline 1% YoY, Active Inventory down 37% YoY
Note that June sales are for contracts typically signed in April and May.. From SacRealtor.org: June 2020 Statistics – Sacramento…
Continue ReadingRaising Guidance Can Result In A BIG Advance
That seems rather plausible. After all, earnings are one key factor that drives stock prices. But in this case, I’m…
Continue ReadingWhy Day Trade Futures Over Stocks?
The popularity of futures trading continues to grow driven by products such as Micro E-minis which allow traders to participate…
Continue ReadingComments on BLS Reference Week
Just a few comments … Last week was the reference week for the monthly U.S. Bureau of Labor Statistics (BLS)…
Continue Reading