ITB Up 33% Post-Election, Bulls Defend Crucial Trend Line Support – Momentum Slowing

posted in: Economy, Equities, Technicals | 0

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

Rapid recovery in U.S. home prices probably negating mortgage-rate tailwind

posted in: Credit, Economy | 0

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