Housing Starts And Home Builder Stocks Diverge
Throughout the bust and the ensuing recovery in residential housing, the performance of homebuilder stocks has closely tracked the trend in Housing Starts and Building Permits. Below, we highlight this relationship by comparing the iShares Home Construction ETF (ITB) to the three-month moving average of Housing Starts and Building Permits. The relationship between the two is […]
Doom Loop Update: VIX ETP ‘Risk’ Remains High
Well it seems at least possible that the VIX will spend the entire session in double-digits – no small feat in the current environment. Overnight, a combination of factors including Catalonia’s refusal to disavow the independence referendum, some shenanigans in Hong Kong, and a throwaway comment about “Minksy moments” from the PBoC’s Zhou Xiaochuan, triggered a […]
USD/CAD Battle Lines Drawn Ahead Of Canada CPI
USD/CAD Daily Chart Technical Outlook: USD/CAD has carved out a well-defined monthly opening-range just below the 2012 trendline. We highlighted this slope earlier in the week in our Technical Perspective piece with the outlook weighted to the downside while below this threshold. The immediate focus is on a break of the 1.2415-1.26 range (break lower favored). USD/CAD 240min Notes: A closer look […]
September 2017 Leading Economic Index Declined
The Conference Board Leading Economic Index (LEI) for the U.S declined this month – and the authors say “Despite September’s decline, the trend in the US LEI remains consistent with continuing solid growth in the US economy for the second half of the year”. Analyst Opinion of the Leading Economic Index Because of the significant […]
3 Top Utility Mutual Funds For Steady Returns
Investors looking for stable current income would do well to consider utility funds. They are used as defensive instruments, which protect investments during a market downturn. This is because the demand for essential services such as those provided by utilities remains unchanged even during difficult times. In recent years, many funds in this category have […]
A World Of Lies But Gold Will Reveal The Truth
The dollar is dead but the world doesn’t know it. It has been a slow death and the final stages will be very painful for the US and for the rest of the world. The US empire is finished financially and militarily. NIXON WAS CONVICTED FOR THE WRONG CRIME It all started with the establishment […]
Goldman Sachs Cuts Nike Rating Ahead Of Investor Day On Excess Inventory
This morning, Goldman Sachs analyst Lindsay Drucker Mann downgraded Nike (NKE) to Neutral as she expects shares to trade in a range as the company works through excess inventory in the U.S. Further, the analyst believes Nike’s upcoming investor day is unlikely to be a positive catalyst, an opinion shared by her peer at Citi, […]
Abe’s Third Arrow
Japan’s Abe’s gamble to call snap elections shortly after the stunning defeat in the Tokyo elections appears likely to pay-off. He called the bluff of his former defense minister and now Governor of Tokyo Koike who is leading the main opposition party now, the Party of Hope. The Party of Hope may have over-reached and now appears to […]
Euro Edges Higher Ahead Of ECB
The Euro hit a 3-day peak today as investors eye next week’s policy meeting of the European Central Bank. Analysts say that bond investors with an intent to hedge drove demand for the common currency; however, the absence of a fundamental driver and growing political uncertainties as a result of another promise of autonomy by Spain’s […]
