Global Macro Perspectives
S&P/Case-Shiller HPI 10 city composite rose 1.7% in May; S&P/Case-Shiller 20 HPI composite rose 1.3% in May. Seasonly adjusted S&P/Case-Shiller HPI 10 city composite rose 0.5%; Seasonly adjusted S&P/Case-Shiller HPI 20 city composite also rose 0.5%. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
S&P/Case-Shiller HPI 10 city composite rose 0.7% in April; S&P/Case-Shiller 20 HPI composite rose 0.8% in April. Complete surprise, but it will not affect nobody’s expectations as the indexes are lagging three month averages. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
10 city composite fell -0.4% and 20 composite fell 0.5% in February. Keeping in mind that this is 3 month rolling average. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
10 city composite fell -0.6% and 20 composite fell 0.9% in February. Keeping in mind that this is 3 month rolling average. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
Both 10 city and 20 composites rose 0.3% in January. Keeping in mind that this is 3 month rolling average. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
S&P/Case-Shiller Composites 10 fell 0.2% in December; S&P/Case-Shiller Composites 20 fell 0.3% in December. We have home prices declining for two consecutive months. Off course this has lot to with seasonal factors. The important question is will the prices will hold up in summer. Chart 1. S&P/Case-Shiller Composites Chart 2. S&P/Case-Shiller Composites Percent Change From […]
Both S&P/Case-Shiller Composite 10 and S&P/Case-Shiller Composite 20 fell 0.2% in November. Chart 1. S&P/Case-Shiller Composites Chart 2. S&P/Case-Shiller Composites Percent Change
Belisarius has a quite severe case of cold, so light posting today. Consumer confidence for December came out at 53 vs. 52.9 consensus and 49.5 prior reading. S&P/Case-Shiller Home Price Indices came out flat. Since the indexes are three month rolling averages, fatigue in house price recovery is evident. Chart 1. S&P/Case-Shiller Home Price Indices
U.S. GDP growth has got revised to 2.8% from previous estimate of 3.5%. Although the previous number (conspicuously high) helped to propel the market to new highs, revision doesn’t seem to raise any worries as U.S. equity futures are pointing on a higher opening. S&P/Case-Shiller Composite 10 edged higher 0.4% in September while &P/Case-Shiller Composite […]
ome prices rose in August for a third consecutive month. Case-Shiller composite-10 index rose 1.3% in August to 157.93 with the composite-20 index up 1.2% to 146.00. Bloomberg story: Home Prices in 20 U.S. Cities Rise for Third Month.
It has been nice away from the computers, markets and problems last week spent at the sea. I’ve visited 5 countries, 7 towns and I was most impressed by Spain and Barcelona.
I was pretty pissed when a saw my SPY put options position being sold on the Monday market opening on the back of a stop loss order I left when I was leaving for vacation. I hate leaving my positions unattended but hate even more earning + 15% instead of +50%. Never mind, it looks at the moment I could have an opportunity to enter into same position at the approximately same costs.
Despite better than consensus data on US housing suggesting recovery in housing prices and better than consensus consumer confidence the market failed to rally.