DP Trading Room: Mortgage Rates are Falling – Watch Real Estate
Mortgage Rates fell quite a bit this past week and no one is really talking about it. One area that we will want to watch closely as rates fall is Real Estate (XLRE). This sector has already been moving in the right direction. It now has an opportunity to rally further.
Carl also talked about Japan today and the fall of the Nikkei last week. He discusses why it happened, what the results were and what this might mean for our markets.
Carl opens the show with his view of our signal tables and a discussion on how much they have changed since the beginning of August. We are seeing lots of flips to red.
The market has now formed a reverse pennant formation. Carl and Erin discuss the implications which does keep a bear market in the background. He also covers major asset classes like Crude Oil, the Dollar and Gold.
Erin takes us inside the Real Estate sector as well as looks at broad market participation revealed by the NYSE and SP600 (IJR) participation. Growth sectors seems to be recuperating somewhat, but defensive areas of the market are still showing positive momentum.
The pair finish the show with a review of viewers symbol requests.
01:00 DP Signal Tables
04:11 Market Overview
07:44 Mortgage Rates
10:51 Magnificent Seven
15:47 Bank of Japan and Nikkei
24:10 Sector Rotation & Broad Market Participation
35:45 Symbol Requests
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