Fiat Lux
(and what to do about them)
in November, in a surprise disappointment. Millennials slowed down the rate at which they are moving out of parents’ basements. Sales still up a weak 2.7% YOY. A shortage of homes gets the blame, with inventories only at 3.7 months, a record low for the month. That means prices have to go up, right? Homebuilder stocks saw this first, which have been weak of late after a torrid year.
by 18,000 to 234,000. It’s a huge drop and an unwind of last week’s massive 49,000 increase aberration. Yes, you’re uncle Ernie can still get hired.
that lets it remain exempt from onerous European property regulations. It could be a factor in next year’s IPO, expected to be one of the year’s biggest. My second, third, and fourth homes are safe.
on bigger OPEC+ production restrictions and the Saudi ARAMCO deal. There’s a great short opportunity setting up $10 higher. There will be global overproduction for another decade. Avoid the energy sector like the plague. It’s a money pit.
unchanged on the month. No matter how high stocks get, the fundamentals aren’t there.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Biotech and Healthcare Letter:
(WHY THE REAL ESTATE BOOM HAS A DECADE TO RUN),
(DHI), (LEN), (PHM), (ITB)
(PLAY IT SAFE WITH ANTHEM), (ANTM), (CI)
(PLAY GUARDANT HEALTH FOR THE LONG TERM)
(GH)
Futures trading involves a high degree of risk and may not be suitable for everyone.
