Housing Data: Hot – As Expected

Just out from Case-Shiller/S&P/CoreLogic: “YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported an 18.8% annual gain in November, down from 19.0% in the previous month. The 10-City Composite annual increase came in at 16.8%, down from 17.2% in the previous month. The 20- City Composite posted an 18.3% year-over-year gain, down from 18.5% in the previous month. Phoenix, Tampa, and Miami reported the highest year-over-year gains among the 20 cities in November. Phoenix led the way with a 32.2% …

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“Running of the Bears” Comes True, Housing Awaits

We sat out the manic Monday market decline – and furious rally that followed Monday – for a number of reasons:  Statistical and Medical, mainly. Lot of anti-aging notes at the bottom of this morning’s column (see ATR below). We’ll do the medical in the Around the Ranch section.  But, as to the statistical?  The charts and our long-range targets are popping “bingo’s” right and left. Front Burner:  Fed Meeting With a possible next wave up in markets today, all it should take would be an ideal Fed Decision not …

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Pick a Crash: Bitcoin or Kiev?

Or, for the crooked republicrats and democans who squandered America’s future (*open borders, exported super-computers, living beyond on our means, buying elections, gain-of-function, etc. etc.) we could toss-in the supply chain collapse plus any remaining credibility of the once Almighty Dollar. Could have, should have, would have… Sobering Chart, Sucky Data Economic Fractalist’s Black Monday today.  Whether stocks or cryptos is the thing, though. Markets are a mess in the early (6 AM snapshot of futures): And just out is the CFNAI – Chicago Fed National Activity Indicator: Led …

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ShopTalk Sunday: Winter Burn Barrel Festival!

Not too long ago – two or three years, was it? – I picked up a half-dozen 55-gallon drums up in Tyler, Texas.  It was a deal I couldn’t pass up:  $5 bucks each and they’d already had a preliminary rinse-out. Finally, with the old burn barrel sporting a gaping (coffee can size) hole where a combination of rust (and tossing in occasional small explosives for fun) had done its work.  That burn barrel went to the Barrel Graveyard on the property.  Then I went looking for inspiration. Best …

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Running of the Bears

WFA (word frequency analysis) time as we assess the week’s damage to markets.  When headlines begin to appear on major (MSM) websites like Drudge, we know enough to be on our toes for a turn… The constant chatter, however, is only one indicator of the changing relationship of “fiat” to Reality.  The overnight dip of BTC under $35,000 (briefly) is another indicator to be incorporated into our future view. Only a few headlines this morning, because the ChartPack commentary is long and kinda complicated… If you’re a bear, though, …

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