I had my worst month ever in September account was down 9%.... I made it all back and then some the last 3 days I obliterated Wall Street: Futures Long ZN - 117"155 (sunday night) Long NG 3.24 Long Euro 1.1501 Short NQ's today 7250 Long JPY 8868 only loser was short GC at 1191 I'm looking to short NQ's again and CL perhaps as early as tonight.
Yeah, it was early but the structure loses only 15% at SPX 3000. Best case is 2900 (near double) by XMAS, but it cannot earn less than 50% below 2900. The NAFTA re-work was the culprit, but I'd never been more confident in a trade outside of pure arbitrage.
2012 bought the house nextdoor Its in a great location, and both homes mid century architecture waterfront property and the lots in my area are big non of that zero lot shit, its old school . Not too concerned with RE risk. it was buy a bigger home or just buy the one next to you and now I have my own mancave with music studio,trading office etc.. Wife happy since does not hear the racket as well, Genelec's in all the rooms And a mini nerd museum I hate the modern Mcmansion zerolot style properties. And McMansion designs get uglier and uglier every year.
Home builders are in a bear market, that is a huge signal of what is to come.....housing prices will be coming down as mortgage rates rise above 5%>>>>>housing market needs a huge readjustment!!!
Good thing I’m under contract to purchase and just completed an inspection. It was rates rising that I was worried about. Seemed quite obvious that home values are way high as there are literally under a handful of homes available under $500k in my area.
In my area where the average home is about $650k, their seems to be very little inventory for these "starter" homes and move quick once on the market.... at least during the summer, fall is generally quiet. On the flipside, homes 1.3mm+... tons of inventory and none are moving. I think for the average home, we are in the consolidation phase and they move higher in the coming years. In my area we are just "retesting" the 2006 highs...and once this consolidation phase ends, we should push higher. I also think Interest rates will Pause and not go much higher near term and settle in at this level for about a year or so, then continue a bit higher. But what the hell do I know...I'm just a futures freak
Very similar to my area, plenty of homes 1.3mm+ available. Only 3 homes under $500k, and those homes are overvalued for what they are listed at.