Econintersect: CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.5% year-over-year (reported up 1.7% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserves’s Flow of Funds to calculate the values of residential real estate. This is…
Private nonfarm payrolls in the US are projected to increase by 227,000 (seasonally adjusted) in tomorrow’s July update of the ADP Employment Report, based on The Capital Spectator’s average point forecast for several econometric estimates. The average projection is modestly below June’s increase. Two estimates based on recent surveys of economists point to a slightly…
GBP/USD Signals Update Yesterday’s signals expired without being triggered as none of the key levels were hit. Today’s GBP/USD Signals Risk 0.75% per trade. Trades may only be made between 8am and 5pm London time today. Short Trade 1 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next…
I’ve been invited to speak on many media outlets lately, hammering on and on about how this is another bubble. Worse, an artificial one! A bubble occurs naturally when market forces converge. Trends come together and make the markets so hot that everyone starts piling in. But it’s one thing when investors speculate on the…
United Technologies (UTX) has paid increasing dividends for 45 years. The company has compounded investor wealth at 13.7% a year (including dividends) over the last 25 years. United Technologies is one of the largest publicly traded diversified industrial goods manufacturers in the world. The company was founded in 1934 and has grown to reach a…
OVERNIGHT MARKETS AND NEWS September E-mini S&Ps (ESU15 -0.29%) are down -0.17% as prices consolidate ahead of earnings results from 31 S&P 500 companies today, including Aetna and Disney. European stocks are down -0.79% as a slide in bank stocks is leading the overall market lower after Credit Agricole SA plunged 10% when regulators failed to approve a reorganization that…
After a lukewarm start by the Chinese “market”, which had dropped for the past 6 out of 7 days despite ever escalating measures by Beijing to manipulate stocks higher, finally the Shanghai Composite reacted favorably to Chinese micromanagement of stock prices and closed 3.7% higher as Chinese regulators stepped up their latest measures by adjusting…
Since the October decline, into which I had some profitable short trades and out of which I had some profitable bull ones, the stock market has gone mostly sideways in what I have called the ‘Swing’ market (swing baby, swing batter!). Within this ongoing jagged whipsaw I had some okay trades and some not okay…
The expected risk premium for the Global Market Index (GMI) ticked up in July, touching a two-month high. GMI — an unmanaged, market-value weighted mix of the major asset classes — is projected to earn an annualized 3.7% over the “risk-free” rate in the long term. (For details on the equilibrium-based methodology that’s used to generate the…
Watching 200DMA retest for $AAPL. Success if it closes above Friday’s high. — Duru A (@DrDuru) Aug. 3 at 04:56 PM Watching 200DMA retest for $AAPL. Success if it closes above Friday’s high. — Duru A (@DrDuru) Aug. 3 at 04:56 PM The first trading day of August began in a promising fashion for Apple…
