The chart below shows the performance of three U.S. housing stock indexes this year. They are all down YTD, with the Home Construction Index down the most (almost 25%). If the high in January is used as a reference level, then both the Home Construction Index and the Housing Sector Index are in bear market territory…
The chart below shows the performance of three U.S. housing stock indexes this year. They are all down YTD, with the Home Construction Index down the most (almost 25%). If the high in January is used as a reference level, then both the Home Construction Index and the Housing Sector Index are in bear market territory…
The November natural gas contract shot higher today as traders appear increasingly concerned about low storage levels ahead of the impending winter season. The whole winter strip shot higher on the day, but with far less buying from March 2019 and beyond. This has pulled the G/H February/March spread to new narrow levels on…
The November natural gas contract shot higher today as traders appear increasingly concerned about low storage levels ahead of the impending winter season. The whole winter strip shot higher on the day, but with far less buying from March 2019 and beyond. This has pulled the G/H February/March spread to new narrow levels on…
Although the financial press is all lathered up about the last minute trade agreement reached between the Americans and the Canadians, I am left asking, “what’s the big deal, eh?” Did we really expect anything different? Sure, Trump blustered about how much he didn’t like the Canadian negotiating team and that we had been taking…
Although the financial press is all lathered up about the last minute trade agreement reached between the Americans and the Canadians, I am left asking, “what’s the big deal, eh?” Did we really expect anything different? Sure, Trump blustered about how much he didn’t like the Canadian negotiating team and that we had been taking…
In the rational world of textbook investing, investors should pay up for safety and be compensated for risk, but for the past 20 years, the opposite has been the case in US equity markets. As BofA’s Savita Subramanian notes, the market has tried to get rational, but, as the chart below shows, each time it was thwarted…
In the rational world of textbook investing, investors should pay up for safety and be compensated for risk, but for the past 20 years, the opposite has been the case in US equity markets. As BofA’s Savita Subramanian notes, the market has tried to get rational, but, as the chart below shows, each time it was thwarted…
U.S. consumer confidence soared to an 18-year high in September. Households seem to be pretty confident about the labor market and robust economy in spite of escalating trade war tensions between the United States and China. This is welcome news for retailers, especially as the holiday season is about to kick-off. The Consumer Confidence index…
The refreshing news that the US and Canada had reached an agreement, that would replace NAFTA, encouraged markets across the world today. Starting in Asia the Nikkei managed to add +0.5% even as Confidence (a Bank of Japan statistic) declined yet again. However, the Nikkei rally was at the expense of the Yen, which late…
