Rents in all unit sizes picked up steam in April. Among the largest cities, Las Vegas, Denver, and Detroit led the pack. The Rent Cafe’s Monthly Rent Report for the 250 largest US cities shows a 3.2% Y-o-Y surge. The national average rent in April clocked in at $1,377. This marks the highest annual growth rate since the…
Bonds are an interesting financial animal. With stocks, investors become part owners of a company, albeit usually at a very, very small level. We benefit as the company earns more revenue and profit, hopefully sending some of the cash back to us in the form of dividends, or using the funds to grow the company or,…
The U.S. dollar fails to benefit from the Non-Farm Payrolls (NFP) report as the updates fall short of market expectations, with USD/JPY at risk for a larger pullback as a bearish series takes shape. Looking ahead, attention turns to the Reserve Bank of New Zealand (RBNZ) interest rate decision on tap for May 10 as Governor Adrian…
Week 17 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis for carloads, this week it expanded…
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, “For a glimpse of America’s future, take a look at Argentina, where they’re eating cats and dogs because of hyperinflation … wait, no, I meant Venezuela.” Mixing…
While most hedge fund managers and investors were skeptical about the direction of the stock market after Trump’s shocking election victory, a few bet it all on green. One was Carl Icahn, another was Dan Loeb, and with the S&P surging by over 30% since the Trump victory, investors in Dan Loeb’s Third Point reaped…
As brutal as this day has been, the big picture still hasn’t changed: lower lows, lower highs, and a general downtrend (although, God almighty, I am really sick and tired of all these “fight backs” the bulls are pulling off). For a little perspective on this, here is the triple-bullish on financials fund, symbol FAS, on which I own January 2019 puts….
In the last trading session, U.S. stocks erased almost all its losses made early in the day as the tech rally tried to partially offset the slew of weak earnings reports. Among the top ETFs, investors saw (SPY – Free Report) lost 0.2%, (DIA – Free Report) was off 0% and (QQQ – Free Report) move lower by 0.1% on the…
Tempur Sealy International Inc. (NYSE: TPX) Shares of Tempur Sealy increased by almost 3% on Thursday after the company posted better than expected revenue. The company posted revenue that beat the analyst estimate for the first time in five quarters. The company reported earnings per share that failed to meet the consensus estimate but that…
Despite a fall in wage growth and jobs created, the unemployment rate fell to December 2000 low of 3.9%. short GBPUSD? Earlier indicators show that a below-estimate US jobs report is possible, which could weigh on the dollar. However, unemployment rate surprised the market with a staggering 3.9%, the lowest since December 2000. – 164k…
