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Featuring Mark Newton

Technical analyst Mark Newton of Newton Advisors says more pain is on the horizon for the U.S. housing market. In this interview with Brian Price, Mark explains why this development will drive shares of the world’s largest flooring company sharply lower. Filmed on July 31, 2018.

Published on
2 August, 2018
Topic
Trading, Housing Market, Equities
Duration
13 minutes
Asset class
Real Estate
Rating
13

Comments

  • CH

    Colin H.

    31 8 2018 17:50

    0       0

    Opened a short on this one today.

  • RR

    Robert R.

    2 8 2018 22:39

    4       0

    A pullback in housing prices would be a good thing. Many potential Buyers are on the sidelines. Inventory is the problem.

  • SB

    Stephen B.

    2 8 2018 15:35

    2       0

    I do not understand how commentators still refer to the FED language on inflation, jobs etc as if we live in normal times. Surely that is simply cover for the real 800lb gorilla in the room - the Treasuries borrowing requirement this year (at $0.75T) plus the winding down of the FED's balance sheet (another potential $0.5T) plus accelerating sell off's by foreign CB's in T Bills? An unprecedented scale of borrowing which, so far, has only been possible because of lower rates in Japan and Europe and a reasonably stable US$ (i.e. no one is going to lend at 3% if they are losing on the currency by > 3%). Which suggests that the despite the language the primary indicators that the FED will have to react to are the value of the dollar and the bond market?