Home Price Growth - FHFA Home Price Index Home price growth is falling sharply which is making this year a great time to buy a house compared to last year when housing was more unaffordable. House prices don’t need to fall to become more affordable; growth just needs to fall. We’ve seen interest rat
3M - Microsoft Facebook Can’t Push S P 500 Higher Before getting into 3M, let's review MSFT and FB. Even though most firms have beat earnings estimates and Microsoft and Facebook soared on Thursday, the S P 500 still fell 4 basis points. Those two certainly helped the Nasdaq as it increased 0.21%. R
Netflix - At Risk Netflix could be in trouble as the landscape of produced streaming video content changes. Companies that own the content in Netflix’s library are starting to create their own subscription services. First is Disney as the firm is launching its Disney+ subscription service this Novem
Stocks Fall Slightly - Yet Stock Market Isn’t As Overbought As It Feels The stock market fell slightly on Wednesday after hitting a record high on Tuesday. The S P 500 fell 0.22%, the Nasdaq fell 0.23%, and the Russell 2000 rose 0.19%. Small caps finally outperformed. The market fell because it is i
Latest Housing Reports - Redbook Sales Growth Improves I’m always looking for new ways to interpret data. I’m never going to completely discard a report because economic reports’ accuracy varies. For example, jobless claims have been extremely low even though the labor market probably isn’t full bas
Market Record High - S P 500 Hits A New Record Market Record High - On Tuesday, the S P 500 increased 0.88% as earnings have been coming in strong. The close of 2,933.68 surpassed the previous record high set last September. As you can see from the chart below, it took 95 days for the market
Earnings Results - Do Earnings Matter? Earnings Results - Short answer to the question if earnings matter is “yes they do.” Earnings are the only thing that matters to stocks. Every factor that affects stocks only matters as much as it affects their future earnings. The chart below makes it look lik
Stocks Anticipate - Slight Rally As The S P 500 Inches Closer To A New Record On Monday, S P 500 increased 0.1% which was enough to hit a new closing high for 2019. It is inching closer to the September high. It's about 23 points away from that threshold. It made sense that the market was
April Markit PMI - 2.2% GDP Growth Q1 initial GDP reading will be released on Friday. To be clear, this reading might be far from where it ends up after revisions. However, there isn’t an obvious bubble, like tech and housing in the past 2 cycles. Also, there are very few indicators signaling a rece
