Real estate

Prepare For A Surge In Volume: Russell Rebalance Day Is Here

Welcome to the one year anniversary of the Brexit vote. Welcome also to the annual Russell rebalance, traditionally one of the busiest trading days of the year: last year's rebalance helped propel a near record turnover of over 15 billion shares. In fact, in four of the last five years, reconstitution day ranked in the 10 busiest trading sessions.

Fed "Stress Test" Results Are Out: Everyone Passes Even As VIX Hits 70

Moments ago the Fed released the first phase of its annual stress test which, once again, found that all thirty-four of the US largest banks "passed", exceeding minimum projected capital and leverage ratios under severely adverse scenarios, based on their projected ability to withstand economic shocks

Sears Canada Announces Bankruptcy; Fires 2,900

It's official - the US 'retail apocalypse' has moved north as Sears Canada (and some of its subsidiaries) have applied to Ontario Superior Court of Justice for protection under the companies’ Creditors Arrangement Act (CCAA), in order to continue to restructure its business.

Buffett Stuns Market After Berkshire Acquires 38.4% Of Home Capital Group, Provides C$2 Billion Loan

In a stunning development involving Canada's largest alternative lender which as recently as a month ago was facing virtually certain insolvency after a furious depositor run drained it of liquidity, overnight Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.

America's Rich Are Completely Losing Touch With Reality... And That's A Really Bad Sign

"...while the average joe is forced to worry about central banks devaluing their currencies, corrupt bureaucrats eroding their civil liberties, and an economy on life support... a faction of affluent individuals has committed themselves to avoiding this turmoil, instead choosing to obsess over life extension, genetic manipulation, and creating luxurious doomsday plans. "

Amid Cash Crunch, Qatar Sovereign Wealth Fund May Start Liquidating Stock Holdings

Since we first highlighted the cash-crunch in Qatar over a week ago, the situation has got notably worse (as liquidity costs rise further, signalling Qatar's financial system is running out of dollars), and now Qatar's sovereign wealth fund has reportedly transferred over $30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive.

US Home Prices Surge To Record High As Homebuilder Hope-Reality Gap Largest Ever

Following April's declines across the home sales data (as well as a dip in homebuilder optimism), existing home sales in May surprised positively (up 1.1% versus -0.4% exp) and follows a small upward revision to April's drop. Median Home Prices pushed to a new record high at $252,800, as inventories tumble.

The Global Commodity Cycle: Where Are We Now

"In commodity cycles, demand leads and supply reacts, with a lag. And the factor which facilitates this process is price. 2017 looks to be providing another classic example of this simple commodity rule."

The Illusion Of Declining Debt To Income Ratios

Despite the mainstream media’s belief that surging asset prices, driven by the Federal Reserve’s monetary interventions, has provided a boost to the overall economy, it has really been anything but.. the story remains the same – “if you are wealthy – life is good.”