Archive | November, 2013

Real Estate Stocks Far And Away The Weakest Among North American Industries

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Even though home prices continue to rise (see yesterday’s post), existing home sales and mortgage applications for purchases have softened. Mirroring this weakness in existing home sales and mortgage apps, real estate stocks remain the weakest among North American stocks and by a pretty far margin. 25% of real estate stocks are making new 200-day lows.

France v. Germany: Consumer Confidence

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Consumers in France see a diminished capacity to save, a deteriorating general economic situation, and rising unemployment over the next year– all of which adds up to a decline in confidence: Germans, on the other hand, were surprisingly more confident about the consumer climate in November, as evidenced by the unexpected increase in the Gfk