MACRO MONDAY 21
NAHB Housing Market Index
The NAHB Housing Market Index (HMI) is compiled from a monthly survey issued by the National Association of Home Builders (NAHB) to U.S. builders in order to measure the current and forward looking sentiment for single-family homes being built or with the prospect of being built in the U.S.
In the survey builders rate...
Traders,
I believe this chart is so important it warrants revisiting the data. Indeed, the fed has to be cognizant of this same data and is most certainly is watching it closely. Therefore, we must do the same. In this video, I am going to explain why the housing market data, even though it's week, supports my thesis of a blow-off top in the stock markets this...
Demand always rules supply. Always.
BLUF:
Short-term projection = TBD
Mid-term projection = bullish
Long-term projection = bearish to extremely bearish
Traders,
I have been quick to point out the tremendous amount of disinflationary data in my videos which leads CPI reports in some cases by as much as 6 months (i.e. -rent). Now, let's take a closer look at the...
Last Time The National Home Builders Index Dropped repeatedly - The 2008 Market CRASH and Deep Recession happened right after.
And Now It has Dropped Sharpest in its History.
The Canary is the Builder sentiment - Dropped to 55, a drop of 12 points.
This is the largest single-month drop ever, with one exception. The exception being April 2020. As you may recall,...
