Currencies and Sotheby’s

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Yesterday I was in South West Florida giving a presentation on Currencies and the impact to the real estate market for foreign buyers at the Premier Sotheby’s International Realty conference. It was an impressive affair, with associates and consultants from Brazil, New York, Miami, Hong Kong, and around the world. They are a truly 1st Read more…

Consumer Status

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It will be a “highly promotional holiday season” stated Wal-Mart upon their release of earnings. The holidays will be a battle for consumer market share and some of that extra money not going into the gas tank. The competition seems to be moving downstream to the discount retailers as this is where the bulk of Read more…

Bonds tell a different story.

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The market continues to push higher and we are right at those break-out levels again. The pre-market futures show a possible a break-out, but will it just fade like the last one? With bond yields heading down again, which seems odd in spite of the taper, I can’t help but wonder if we will see Read more…

Real Housing Data

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Who would expect the market to make a strong rally off the supports after Putin did exactly what the US warned that there would be “consequences” against? I think we all know that the US and Europe can offer only hot air. I am not going to debate the merits of Diplomacy or what the Read more…

Yellen Rally!

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Yesterday we saw a Yellen Rally. While she was careful with her words, she did raise the probability of reducing or even halting the taper. While most of the questions didn’t focus on the taper, the entirety of her testimony did clearly show her ideology and support of MORE Keynesian intervention. Yellen Rally! Yellen’s prepared Read more…

Housing

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The market was mixed yesterday. Some of the downward pressure came from a few overweight names with disappointing earnings.; however, in spite of those, the market was generally flat to positive. We have solidly bounced from the recent sell-off, but do we have enough optimism to push the market higher? I don’t see optimism coming from economic Read more…

Earnings DIS and AOL

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The major indices have given up most of their recent run-up from last week’s Labor Report and we still have some big names left to release as the earnings season comes to a close. I suspect that August may be a stagnant month for the market as we wait for September, when a lot of Read more…

Durable Goods and Case-Shiller

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Are you ready for a bounce? That’s right; we could get a bounce as early as this week in the equity markets. We have been in an economic data vacuum since Bernanke and the Fed stole the headlines with their “taper talk”. This week we have some economic data that could inject more insight as to Read more…

Pending Economic Data

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The market rallied yesterday into those resistance levels, but came off in the late session. While the market still closed higher on the day it is starting to seem like we may start seeing consolidation. This morning the futures look to give up all their gains from yesterday. No doubt there is still some concern Read more…

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