Short-term price fluctuations do not influence long-term trends, cycles, and profitability. The
majority, guided by price trends and emotions, concentrate on short-term trading noise rather than cyclical trends of price, time, and energy. This focus creates confusion, frustration, missed chances, and typically leaves them holding the bag during trend shifts. Investors can sidestep this pattern by embracing the
Evolution of the Trade and aligning with the
minority.
The US Home Construction's overall trend, revealed by trends of price, leverage, and time, are defined in
The Matrix for
subscribers.
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The
Housing Report, a series of videos, extends the discussion for subscribers.
The
Economic Activity Composite (EAC), our real-time measure of marginal economic activity in the United States, is falling fast, while the President, Treasury Secretary, and Federal Reserve Chairman point out the economy is strong and on target for a soft landing. Economic soft landings, easily sold concepts to the public, are highly unlikely when the invisible hand generates significant and long duration distortions in the bond market. The message is clear, the US and global economy is extremely vulnerable within a well-defined economic cycle (See E&S Report).
Economically sensitive sectors, like residential housing and real estate, confirm trouble. Trends in housing stocks, building permits, and new housing starts paint a different picture than the soft landing sales pitch.
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KB Homes Slides After Earnings Miss
KB Home recently reported its fiscal Q1 earnings, which fell short of expectations. The company posted revenue of $1.39 billion, missing analyst estimates of $1.50 billion. Earnings per share were $1.49, below the expected $1.59. Net income for the quarter was $109.6 million.
The company cited affordability concerns and macroeconomic uncertainties as factors affecting home buying decisions.
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The Matrix provides market-driven trend, cycles, and intermarket analysis.
