To download the podcast – Right mouse click here
Commentary as of June 15; 4:00 pm
-Keep in mind that the central banks and governments need higher asset prices, as this will help foster sovereign debt demand. Thus, their policies will all be geared to increasing asset values.
-Dow and S&P futures holding above 50-day mva. Nasdaq just below the 50 day mva. The only yellow light continues to be the struggling Dow Transports.
–The ECB is having a lot of problems with low inflation. This will support the USD and help to accelerate the worldwide dovish monetary policy timeline.
-Housing is showing renewed strength around the world. This will undermine affordability even more. I have to believe that there will be some higher-than-expected growth as low rates will provide some substantial firepower to home values.
-Since Amazon announced plans to build HQ2 in Northern Virginia, the median home price in Arlington has soared 17.3% to $750,000 in April, up from $640,000 in November 2018, when HQ2 was announced, according to Realtor.com. The national median list price increased 5.5%, or $17,000, over the same time frame.
Amazon donates $3 million to Virginia homeless groups as HQ2 pushes home prices up 17%
Why Americans should get into the housing market now
Housing market rebounded in May from record lows earlier in the year, CREA says
Canada Housing Market Begins to Shake Off Slump – WSJ
-Bitcoin and the altcoins look to be setting up for an explosive upside