$LEN, $TOL, $KBH A revitalized US housing market will help keep the economy moving along despite a potential threat posed by a derailment in corporate spending. Home construction outlays, which account for almost 4% of GDP increased for a 5th month running in November, marking a welcome departure from a yearlong slowdown. Buyers, their confidence […]
After several discussions with experts in the vintage, classic and special interest collector sector, we learned that buyers are not feeling the need to rush into the market as it has cooled. Today’s buyers are said to be people interested in cars for what they actually are, rather than cars representing another alternative investment asset […]
Dubai, a city defined by its glittering towers and man-made islands, is stuck in a five-year property downturn with no end in sight, drawing warnings of an industry reckoning that will see weaker players fail. Property developers are slashing prices and offering ultra-easy financing to lure customers, while concerned authorities have stepped in with incentives […]
$XAU $GLD Gold futures posted wild 2-sided trade late Wednesday before turning lower for the session after the Federal Reserve decided to cut its benchmark interest rate 25-bpts as it remained deeply divided on the need for further easing as the economy improves. The Fed took down its benchmark overnight lending rate to a target […]
$XAU $GLD Gold markets traded back and forth during the session Tuesday hanging about the $1500 mark the bottom of the consolidation range, as the 50-Day EMA is there where buyers are clustered. Gold Technical Analysis Video 18.09.19 That does not mean a direct move North right away, but rather there is interest in this market, […]
The Trump Administration will continue to impose sanctions on whoever purchases Iran’s Crude Oil or conducts business with Iran’s Revolutionary Guards and no Crude Oil waivers will be re-issued. “We will continue to put pressure on Iran and as President (Trump) said there will be no waivers of any kind for Iran’s oil,” said Sigal […]
$GLD $XAU FLASH: Gold Bugs are betting there is more to the precious Yellow metal’s rally than interest rates. Gold is on its way to a 3rd straight monthly gainer, trading near 6-year highs as central banks signal easier monetary policy. The Fed is expected to cut U.S. interest rates by a Quarter point Wednesday. […]
$DIA, $SPY, $QQQ, $GLD, $XAU, $USD FLASH: Investors now have no doubt that the Fed will cut interest rates on 31 July for the 1st time in more than 10 years and it is the beginning for the path to near Zero, with no recession in sight. For weeks, money managers have bet on a […]
$XAU, $GLD The SPDR S&P 500 ETF Trust (NYSE:SPY) has rallied 37.5% in the past 3 years, while the SPDR Gold Trust (NYSE:GLD) has lagged, gaining just 5.7% in that frame. Now comes Bridgewater Associates hedge fund manager Ray Dalio, who has recently said gold could be gearing up for a “Gold Bug” decade of returns. Paradigm Shift: in […]
$GLD, $XAU, $USD FLASH: It looks like the gold-buying spree by central banks during the past 10 yrs will probably continue for a while yet. In a survey of central banks conducted by the World Gold Council (WGC) and YouGov, 54% of respondents expect global holdings to climb in the next 12 months amid concerns […]
$GLD, $XAU Gold’s market remains inside its 11 July range for a 2nd session, which suggests investor indecision and impending volatility. The lack of movement in the USD and Treasury yields is helping to contribute to the tight trading range. Tuesday, August COMEX gold is trading at: 1,416.50, +3.00 (+0.21%), as of 1:37a EDT, the market […]
$XAU, $GLD, $USD Gold (XAU) tried to rally last week but rolled over to form up a shooting star pattern. That said, prudence says, “take extreme caution when it comes to this market”, as we have seen a couple of shooting stars. It can well be negative signal, and almost always means that the price […]
$SPY, $QQQ, $DIA, $RUTX, $VXX FLASH: The S&P 500 and NAS Comp marked new closing, and intra-day records Monday on a modest advance. Leadership came from the S&P 500 financials and communication services sectors in front of busy news and earnings week Analysts now expect earnings of S&P 500 companies to have fallen just 0.2% […]
FLASH: Buyers in the tightest US housing markets got what they have been waiting for, inventory, but instead of sales rising as a result, they are falling. In Salt Lake City, where listings rose 53% in March from a year earlier, transactions fell 21%, the biggest decliner in the country, according to a report from […]
Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the National Association of Realtors (NAR) on Monday could temper expectations of […]
Selling a home is not a simple, as there a number of factors come into play when determining a fair price, many of which can be killing the home’s value without the owner realizing it. Here we look at the Key factors the can negatively impact a property’s value, as listed by GOBankingRates, as follows: […]
$GLD Indian discounts shrink; dealers eye import duty announcement China premiums at $9.50-$11.50 oz Festival buying picks up in Singapore Demand for physical gold in India improved last week as local prices eased from their highest level in over 5 years, while buying gathered steam in China ahead of the Lunar New Year festival. Dealers […]
$RACE,$MS Ferrari (NYSE:RACE) could produce some all-electric cars, it will not renounce its commitment to internal combustion, because racing runs on gas. Racing has always been and continues to be everything to Ferrari Traditionally, Terrari scoffed at EVs. But it is true that the iconic Italian automaker added hybrid-electric technology to its ultra expensive HyperSuperCar […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 gained 0.2%, Dow Jones Industrial Average (+0.7%) and the NAS Comp (+0.1%) experienced uneven post options expiry trading action finishing in the Green. The Russell 2000 (-0.2%) did, too, but it finished in the Red. Most S&P 500 sectors finished higher with consumer staples (+1.2%) and utilities […]
$BAC, $STI, $SHW, $SWK There are no shortage of warning signs for the housing market, but Bank of America (NYSE:BAC) says investors should not fear the worst. “Do not believe the narratives of a housing collapse,” economist Michelle Meyer wrote in a note to clients Tuesday. Ms. Meyer said the challenges facing the sector “should […]
$BTCUSD ‘Capitulation’ is Bitcoin (BTC) investors word of the year. Bitcoin rose to $20,000 and fell to $3,700 the market is open at the time of this writing leaves players wondering if Y 2019 is a Year for Bulls. Bitcoin is a new, low volume asset class trying to gain traction, as the fundamentals play […]
US Home Mortgage Activity at 2-Month Highs as Loan Costs Fall Interest rates on 30-year, fixed-rate “conforming” mortgages with balances of $453,100 or less, averaged 5.08% last week, US borrowers filed the most home mortgage applications in nearly 2 months as 30-year home loan costs fell to their lowest marks since early October, the Mortgage […]
Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence $ALMMF, $CHL, $PTR Market sentiment is very weak. President Xi’s government is struggling to dispel such gloom and talk stock prices back up with promises of tax cuts, more bank lending and a media campaign. The benchmark Shanghai Composite Index sank 30% from January […]
Stocks are Cheap and the Biggest Buyers are Jumping Back In $DIA, $SPY, $QQQ, $RUTX, $VXX Companies are the biggest purchasers of their own shares, and they were absent from the market for the last several weeks, just as stock prices were tumbling on worries about global trade and rising interest rates. Businesses were holding […]
Bitcoin (BTC) Stable During S&P 500 Pullback $BTCUSD, $SPY, $DIA, $GLD Bitcoin (BTC) known for giving retail investors heart palpitations was calm over the past week, as the S&P 500 pulled back about 7% so far this month. Bitcoin was up 1% on the week, as of Friday afternoon, according to data, and stayed in […]
Why China is Right to be Wary of Bitcoin (BTC) $BTCUSD China has cracked down on Bitcoin shuttering cryptocurrency exchanges, the Bottom Line The wave of sell orders that hit the US ‘coin’ market on 10 October 10 should not have surprised anyone who watches it carefully, we saw it coming months ago. Bitcoin (BTC) […]
Mortgage Requests Fall, Borrowing Costs at 7-Year Highs US mortgage applications declined last week as home borrowing costs climbed to their highest levels in over 7 years, propelled by a spike in bond yields during last week’s market selloff, the Mortgage Bankers Association said Wednesday. The Washington-based industry group said its seasonally adjusted gauge on consumer […]
Institutional Investors are Quietly Adding Cryptocurrencies to Holdings $BTCUSD, $ETHUSD Institutional investors are becoming more involved in the $220-B cryptocurrency market than many observers may realize. Buyers such as hedge funds have replaced HNWIs (high-net-worth individuals) as the biggest buyers of large lots of digital coins worth more than $100-K through private transactions.. The Big […]
Ferrari (NYSE:RACE) Has Big Plans for Its Future $RACE Ferrari’s (NYSE:RACE) new CEO, Louis Camilleri, unveiled a new business plan on 18 September that includes reviving iconic models and embedding in them its F1 technology. Thus, significantly expanding Ferrari’s electric-gasoline hybrid powertrain offering and affirming plans to introduce a FUV (utility vehicle) that conforms to […]
The Tide May Be Shifting for West Coast Home Buyers It has been challenge trying to be a homebuyer on the West Coast. Prices have been surging for years as house hunters fight for the few available listings, now the tide could be shifting. As sellers come off the sidelines to lock in gains, they […]
Ethereum Markets Rallied Last Week, Looks to Continue $ETHUSD, $ETHEUR The Ethereum (ETH) markets initially dipped last week, then after US Tax Day saw Key support at $500 and bounced, breaking above the important resistance at the $600 mark, then heading to $700. Currently, Ethereum is trading at: 634.74, +13.41, or +2.1583%, as of 4:11a BST, the market is […]
Expensive Home Prices and Sales Rise in the US A housing shortage, strong economy and demand have driven many homes in major US cities over $1-M, offsetting buyers’ concerns about the reduced benefits of owning a pricey property under President Donald Trump’s tax reform, the data show. Home sales at $750,000 and above have risen […]
Ferrari Continues to Command Top Prices in the Classic Car Market $RACE Last August at Pebble Beach international collectors spent $327-M on Vintage & Classic Cars High priced cars a Pebble Beach were the market’s strongest, coming in stronger than the experts expected Notably, 2 Ferraris also were in the Top 5, a 1966 Ferrari […]
US Pending Home Sales Higher, Housing Supply Short $DIA, $SPY, $QQQ, $VXX More people signed contracts in November to buy homes, with pending sales rose 0.2% as the US housing market copes with a dwindling supply of properties on the market. The National Association of Realtors said Wednesday that its index of pending home sales was 109.5 […]
Hong Kong Real Estate Defying Gravity $JLL, $HSBC, $JPM Hong Kong’s steaming housing market shows no signs of cooling down anytime soon. Prices in the City have climbed 11% YTD defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and […]
Ferrari’s (NYSE:RACE)14-Month Rally “Pauses to Refresh” $RACE. $TSLA, $AMZN, $WMT Shares Ferrari (NYSE:RACE) began a long awaited healthy consolidation of its tire blistering 14 month rally over the past 2 weeks. One analysts actually rates Ferrari a Sell based on the announcement that Tesla (NASDAQ:TSLA) is going to build a $200-K electric sports roadster to compete […]
Amazon (NASDAQ:AMZN) a $1-T Company Within Year $DIA, $SPY, $QQQ, $VXX, $AMZN Morgan Stanley (NYSE:MS) says it believes online giant Amazon.com Inc. may reach a 2,000/share price in the next 12 months. “Amazon’s high margin aka revenue disclosure speaks to the $1-T (2,000/share) sum of parts Bull case.” Morgan Stanley reiterated its overweight rating for […]
US Housing Market is Roaring Here is more evidence that the defining characteristic of the US housing market is a shortage of inventory for sale: Homes are sitting on the market for the shortest time in 30 years, according to an annual report on home-buyers and sellers published today by the National Association of Realtors. The […]
US Homebuilder Sentiment (NHAB) Rises, as Sales Slow US homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose 4 points […]
Dubai Property Market Sentiment Worse Than Last Year The Core Savills reveals that there were misconceptions about oversupply in the emirate but rents could continue to soften. Only about 33% of people in Dubai believe the Emirate’s property market has shown signs of recovery, indicating worse sentiment than last year, according to a survey by […]
Collectors Spent $327-M on Vintage & Classic Cars this Weekend $BID High priced car sales come in stronger than experts expected That’s the takeaway after 4 days of vintage and classic car auctions during Monterey Car Week. Across 6 companies, preliminary numbers show sales totaling $327-M at Pebble Beach at the weekend, down 3% from last year […]
Ferrari’s (NYSE:RACE) Shares Trading Over 100 After Hours $RACE YTD Ferrari (NYSE:RACE) has provided the best returns of any car company, as its Ferrari stock price has surged about 70%. Thursday, in regular session trading it marked 100.08/share on the NYSE. After hours RACE is trading at 100.25/share, its all time high. A Key reasons […]
Ferrari (NYSE: RACE) Buyers are Aggressive $RACE Renaissance Technologies cut its stake in Ferrari (NYSE:RACE) by 3.1% during Q-1 according to its most recent 13F filing with the SEC. The institutional investor owned 387,922 shares of the company’s stock after selling 12,377 shares during the frame. Renaissance Technologies owned about 0.21% of the company worth […]
US Housing Starts +3%, Led by Single-family Homes $DIA, $SPY, $QQQ, $VXX US home builders broke ground on new homes at a faster pace in February, signalling developers expect solid sales growth this year despite higher mortgage rates. Housing starts rose 3% last month to a seasonally adjusted annual rate of 1.3-M, the US Commerce […]
“Do Not Be Fooled, There is No Economic Recovery” $GLD Peter Schiff, CEO of Euro Pacific Capital, advises that savvy investors should not be fooled by reports of any economic recovery. And the same investors should continue to buy Gold despite the pullback. “I’m certain that all this talk about a recovery is wrong,” Mr. […]
Dubai: Palm Jebel Ali is a ‘Long-term’ Project Dubai developer Nakheel is planning to launch new projects in the emirate soon but some older developments remain on hold for the moment, according to its Chairman. The company, which announced last month that it had repaid all its debts following a massive restructuring program, has posted […]
US Real Estate Report Pending Home Sales The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June and is now 1.4 percent higher than July 2015 (109.8). The index is now at its second highest reading this year after […]
US Demand for Autos Fall in July $GM, $F, $HMC, $TM, $VLKAY US auto sales drop in July as hot weather and softening demand kept buyers at home. Major automakers have reported July sales that fell short of expectations, which has reinforced worries that the market may have peaked with last year’s record numbers. Kelley Blue […]
Chinese Topped International Home Buyers In US The Chinese were the largest group of foreign buyers of US homes in the year ended 31 March. A National Association of Realtors (NAR) survey for the 2nd year running showed that Chinese nationals topped international home buyers in the US, with purchases of 29,195 homes totaling about […]
Highlights: The Ferrari Club of America International Meet The Ferrari Club of America held its annual International Meet in Columbus, Ohio, June 18-22, and welcomed a record attendance of vintage Ferraris, including a featured class of exceptional 1964-1968 275 series cars. Ferrari enthusiasts from around the world came together for 4 days of concours, rallies, […]
The Chinese are Top Buyers of US Real Estate The Chinese have bought total of $27.3-B, or 29,195 houses in the US last year. What these numbers tell us is China has been the largest buyer of US homes for the 2nd year in running Increasing activity has brought both the dollar volume and number […]
The Things You Do Not Know About Blue Diamonds The Hope Diamond (pictured above) The mystical blue diamond has been making luxury news across the world, and for good reason. These rare gemstones are often prized for their extreme rareness, in addition to their beauty, quality and ability to fetch millions of dollars, sometimes breaking […]
US Home Sales Up in May on Imporving Supply $DIA, $SPY, $QQQ, $VXX Economists say US homebuilders will need to ramp up construction of new homes to meet the pent-up demand. US home resales rose in May to a more than 9-year high as improving supply increased choices for buyers, suggesting the economy remains on […]
Dubai Property Plateau Suggests End to Down Cycle The monthly ValuStrat Price Index indicates the ‘bottoming-out’ of Dubai residential real estate prices Dubai residential real estate prices may have bottomed out after plateauing in May 2016, according to the property consultancy firm ValuStrat.The company said prices stabilised in April and May after almost 2 years […]
Offshore Buyers Drive Canadian Home Prices Higher or Are They With house prices up by double digits in Canada’s Toronto and Vancouver areas, offshore buyers, mainly from China, have fueled public concerns over whether they are inching the Canadians’ home-ownership dream further out of reach. These concerns have been dismissed by local economists, who say […]
No Decline in Dubai Property Prices in April The monthly ValuStrat Price Index did not decline for the 1st time in almost 2 years Residential real estate prices in Dubai remained stable during the month of April, signalling that the market may be bottoming-out, a new index has finds. The monthly ValuStrat Price Index did […]
Tesla (NASDAQ:TSLA) Needs Money Like O2, Musk Donates Big Stake $TSLA Wednesday, Tesla Motors, Inc. (NASDAQ:TSLA) announced a underwritten registered public offering of about $2-B worth of shares of its common stock to drive the ramp of the Model 3. The fledgling EV maker is offering about $1.4-B in shares. CEO Elon Musk will sell […]
Chinese Investment in US Real Estate Tops $300-B Chinese investment in the US real estate market has surpassed $300-B and is growing despite China’s economic weakness and increased currency controls, the authors of a new report said Monday. Between Y’s 2010 and 2015 Chinese buyers bought $93-B in residential real estate, nearly $208-B of mortgage-backed […]
Gold and Silver in a Stock Market Correction $DIA, $GLD, $SLV When I last published this Bear’s Eye View of the DJIA a few weeks ago it appeared the US benchmark index would be making a new all-time high sometime in early May. On April 20th it was only 1.18% from last May’s BEV Zero, […]
China: Asia’s Most Attractive Consumer Market China was the most promising consumer market in Asia in Y 2015, and will probably remain so in the next 4 years, according to a report released Thursday. “Even as China’s economy slows and its population ages, it appears set to remain the most attractive Asian market for retailers […]
Hampton’s Home Buyers on the “Sidelines” Home sales in New York’s Hamptons fell to the lowest marks in 3 years as potential buyers of luxury properties stayed on the sidelines during this past volatile Quarter on Wall Street. Purchases in the 2nd-home market popular with Wall Street bankers and celebrities, totaled 437 in Q-1 of […]
Major Seychelles Developer Eyes UAE Property Investors Just under 10% of Eden Island investors are from the GCC The island nation of Seychelles remains an attractive destination for property investors from the Gulf Cooperation Council (GCC), especially those from the United Arab Emirates (UAE), according to one of its biggest developers. Located 200 metres from […]
