Most contractors get about 150 - 200% ROI on one house. Back in 2008 ( before the crash ), average houses were going for about $250k - $300k +. When the crash happened, one contractor stayed in business by lowering his profit margin and was selling houses around $180k. So, he was "losing" $70k - $120k per house, but still able to make enough profit to stay in business. In other words, they are asking too high of a price in the 1st place.
Housing in my city is getting pretty unaffordable, a 700 square feet unit in a condo is selling for 700K, crazy
Airlines having a great day after good earnings report from UAL They got beaten up when the oil prices began to rise
damn, just when you think job claims can't get any lower...they do. when was the last time we had a 1 handle on weekly claims?
Utilities and real estates are both up well over 1% now, both sectors are sensitive to interest rates.
With the trade war, Chinese products will become more expensive (although I hear bacon will be cheaper because farmers will dump it domestically). A lot of cheap stuff at the dollar store comes from China.
Our market has really outperformed the Chinese stock market during recent trade tensions between 2 countries
What Happened to the Transports and Small Caps? When looking to get a handle on the overall health of the market, many technicians like to pay attention to Transports and Small Caps, but judging by the relative strength charts of the Dow Jones Transports and Russell 2000 versus the S&P 500, the broader market hasn’t been quite as strong. First, in the case of the Dow Transports, the index hasn’t been much of an outperformer at any point in the last year. Over the last month, though, the Transports have been extremely weak and are currently near their lowest level on a relative basis at any point in the last year. The performance of small caps versus the S&P 500 has been a lot stronger than the Transports, but even here, we’ve recently seen a bit of weakness in the group. From when the China tariffs were first announced earlier this year right up until mid to late June, the Russell 2000 was a steady outperformer. Over the last month, though, the Russell 2000 has been a laggard. Granted, the index got a bit ahead of itself in the run-up, but notwithstanding today’s bounce, for the last couple of weeks as the S&P 500 has been in rally mode, Transports and Small Caps have been left behind.
MSFT not moving much after earnings Tomorrow morning could be interesting, we will get some earnings from the industrials
USD/CNY hits fresh one-year high above 6.80 as trade war turns into currency war US-China trade war if leading to a full-blown currency war as PBOC is increasingly favoring a weaker Yuan. USD/CNY hit fresh one-year high above 6.8 https://www.fxstreet.com/news/usd-c...rade-war-turns-into-currency-war-201807200209 DOW futures down around 100 points now, can't find any news other than this.
Th whole CNBC Trump interview is listed for all to see, yet CNBC continues to hit the markets with "headlines" from the interview doing everything they can to lower the markets. This is nothing short of market manipulation. The SEC should step in. It's getting ridiculous.
for those wanting to get a head start on next week i thought i would post up next week's earnings whispers calendar. i'll have this posted on next week's market thread as usual as well. earnings season about to heat up in a big way!
