This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through Aug 16, 2019 (via NAHB), and 2) CME framing futures.
The BEA released their estimate of October vehicle sales this morning. The BEA estimated sales of 16.55 million SAAR in October 2019 (Seasonally Adjusted Annual Rate), down 3.4% from the September sales rate, and down 5.3% from October 2019. Sales in 2019 are averaging 16.91 million (average of seasonally adjusted rate), down 1.6% compared to […]
The key economic reports this week are November Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays. For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys, will be released this week. —– Monday, Dec 16th —–8:30 AM: The New York […]
My colleagues and I have about the fact that factors are long-term drivers of investment returns. Given this, it’s no surprise that investors are increasingly adopting factor strategies in their portfolios. In fact, we’ve seen record inflows YTD with over $18 billion in investments in iShares Factor ETFs. Logic would follow that investors’ portfolios exhibit […]