Relative to Average Path other Assets Have Taken from Bubble Tops, Homebuilders, Despite 135% Rally, Remain Under-Valued
At the end of March 2012 I noted homebuilders appeared very under-valued vs. other bubbles at this juncture of their bubble peak price. I presented the chart below to justify this. Since that original post, the S&P Homebuilder Index has…...
10 & 30 Yr UST Prices Continue to Battle Long-Term Resistance; Analog to Japan Suggests Days of Yield Declines Near an End
The first charts below include 10 and 30 Yr UST prices. With their strong recent performance, both securities are battling long-term channel resistance dating back 27 years. Historically, per the red shades, this resistance has resulted in periods of declining…...