ITB, the iShares U.S. home construction ETF, has posted seven straight positive months. The rally began last November – post-election. Momentum is not broken, but is not in acceleration either. May was essentially unchanged – up 0.25 percent – with … Continued
The following are futures positions of non-commercials as of May 19, 2015. Change is week-over-week. 10-year note: The April FOMC minutes for all intents and purposes put a nail in the coffin of June rate-hike odds. At the March meeting, … Continued
Solid improvement in U.S. home prices comes with cost Peak bubble home ownership at 69-percent-plus anomaly not average Price weakness in recent months plus mortgage-rate tailwind unable to seriously ignite sales Leading up to the epic housing bubble in the … Continued