Legendary hedge fund manager, Paul Tudor Jones, recent TEDTalks
For some perspective on the single-family home market, today’s chart presents the median single-family home price divided by the price of one ounce of gold.
This results in the home gold ratio or the cost of the median single-family home in ounces of gold.
For example, it currently takes a relatively low 168 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001.
It is starting to feel like the release of any good economic data is being cheered on by an army of PR people nowadays.
People are quick to point to the improving unemployment rate and the rise in housing data.
But the reality is, economic data is still mixed and does not paint a rosy picture.
Below are two data points that I think we should all be closely watching:
From a trading perspective, this has been a frustrating market. For most of 2015 the markets have been stuck in a sideways trading pattern. Every time the market looks like it is going to break out (either up or down) of its trading range, we get a lackluster follow through and move back into a widening trading range.
Have you noticed the markets are getting a bit more "bumpy"? Is it time to get your investment accounts organized before the markets take a major hit? Riverbend Folios Are Here! (click here to learn more) I want to share with you an exciting new launch: Riverbend Folios, actively managed portfolios designed for active markets. Riverbend Folios is an ...
Short term traders seem not too sure on what the next move in the market will be. A recent interview on CNBC highlights the disagreement and "hedging" among traders: The VIX pattern seems to indicate a wait and see approach by traders. Not much conviction until we see a breakout: In the meantime the flight for safety continues. ...