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PKB

Tax Uncertainty Hits Homebuilder ETFs

by Michael Johnston on November 20, 2009

The U.S. housing market, having been battered and bruised during the recent recession, had staged an impressive recovery in recent months as belief that the market has finally hit bottom seemed to gain support. But new data reveals the true fragility of the housing recovery, and indicates that the potential for a “double dip” in this industry is very real. [click to continue…]

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Confidence Report Weighs On Homebuilder ETFs

by Michael Johnston on October 20, 2009

The National Association of Home Builders’ (NAHB) gauge of confidence of new home sales fell for the first time in four months in October, declining to 17 from a reading of 18 in September. All three components of the index slipped – a first since the peak of the recession in November 2008. The component measuring current sales conditions fell from 18 to 17, while a measurement of traffic of prospective buyers declined from 17 to 14. A gauge of sales expectations over the the next six months came in at 27, down from 29. [click to continue…]

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ETF Plays For The 2016 Olympics Announcement

by Michael Johnston on October 1, 2009

Early Friday morning, eyes around the world will be focused on Copenhagen, Denmark, where the International Olympic Committee (IOC) will announce the host city for the 2016 Olympic and Paralympic Games. The announcement ceremony figures to be quite a spectacle, with heads of state from the four finalists expected to make last minute pleas for [...]

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Three ETFs For Newsweek’s “Recovery”

by Michael Johnston on August 4, 2009

Newsweek grabbed headlines this week with its bold cover declaring “The Recession is Over.” While not everyone (including the president) agrees with this prognosis, it does seem that at the very least “we’ve stopped the freefall,” to borrow Obama’s words. Unemployment has slowed (although it is yet to reverse course), the decline in GDP was [...]

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