Emerging Markets & Basic Materials Breaking Out Together
While most members are focused on the precious metals, I’ve been waiting patiently for two other sectors to setup a long term buy signal which I believe happened last week. I know you are well aware of my mantra that big consolidation patterns lead to big impulse moves. What’s pretty amazing is these two sectors have […]
Real Estate And Housing News – Saturday, July 15
We discuss the poor performance of Mortgage Applications (Bad Yearly Comps – remember where the 30-Year Bond was after the Brexit Vote) some good and bad news for Houston Real Estate, and the return of the securitization market for subprime residential mortgages in this market video. There is too much capital sloshing around the […]
U.S. Fed Speaks, Markets Disconnect. What’s Wrong?
The U.S. Fed talks, markets move. That’s how it has always gone in the past. The question is: what to make out of it? Or, stated differently, does it make sense to even try to make something out of it? First, let’s see what exactly the message of the U.S. Fed was, specifically on Thursday […]
US Restaurant Industry Stuck In Worst Collapse Since 2009
One month after we reported that the “restaurant industry hasn’t reported a positive month since February 2016”, we can add one more month to the running total: according to the latest update from Black Box Intelligence’s TDn2K research, in June both same-store sales and foot traffic “growth” declined once more, dropping by -1% and -3%, respectively, […]
Sunny Outlook For Solar
Equity markets roared this week, led by the Nasdaq 100 (QQQ). The tech-laden index regained its footing, closing over 3% for the week, (its highest close since Goldman put out its hit job on semiconductors on June 9). The only big swoon last week occurred after Trump, Jr. released e-mails related to the Russian election […]
Building Confidence In Q2 Earnings: 4 Housing Stocks
The Q2 earnings season is gathering steam with 15.4% of the construction companies having already released their numbers. And they’re unblemished with earnings as well as a revenue beat ratio of 100%. Major homebuilders such as KB Home (KBH – Free Report) , Lennar Corp. (LEN – Free Report) and Toll Brothers Inc. (TOL – Free Report) have outperformed the Zacks Consensus Estimate by 26.92%, 16.67% and […]
E Managing VIX-Leveraged ETPs Through Earnings Season, Political Strife And A Frothy Market
In 2015, I penned my first article on the subject matter surrounding VIX-leveraged ETF/ETNs. Back then, as if it were that long ago, there really weren’t too many well-articulated articles and practical insights for utilizing these instruments to help one boost their portfolio’s performance. Since I had some writing experience, understanding and grammar skills I […]
Hedge Funds Miss Biggest Tech Rally Of The Year
To be sure, we’ve seen all kinds of examples of spec positioning gone horribly awry this year and everyone knows stretched bets can be a contrarian indicator. But just because it keeps happening doesn’t make it any less funny. On Friday evening, we documented the latest (and probably the “last” as the rest of the short was […]
Bond Spreads Are Extremely Tight
The Producer Price index increased 0.1% month over month, but on a year over year basis it fell from 2.4% in May to 2.0% in June. The decline was caused by the rise in oil prices dropping out of the metric. The core PPI was up 0.1% month over month and 1.9% year over year […]
E Market Briefing For Monday, July 17
An ‘epic crisis’ may be brewing as so many have debated given extended and in some cases unprecedented, valuation and credit market conditions. Well aware of these concerns, including the long-term macro implications, we’ve taken a different approach from the ‘run-for-the-hills’ ultra-bearish crowds. It’s been one of recognition of the various swans circling (black or […]
