S&P Case-Shiller Index--Today's Press Release

Atlanta housing prices have declined nearly 10% in the last year.  Worst in the nation.

Today's news release from Standard & Poor's

Tom's Tealeaves--Educational Material

A tool for predicting recessions is the inverted yield curve. Jonathan Wright's Model comes to us from the following 2006 paper.  Warning:  there is calculus in it.

http://www.federalreserve.gov/pubs/feds/2006/200607/200607pap.pdf

Ed Yardeni Was Pru-Bache's Economist back in 1982

After market risk, the most influential factor in the performance of a stock is the sector performance (or sector risk).
Stan Weinstein (Secrets for Profiting in Bull and Bear Markets, page 338) recommends that you:

1. first determine the direction of the market;
2. then select the top-performing sectors; and,
3. finally, select the best stocks from within those sectors.

Ed Yardeni has provided a timely and informative analysis of S&P500 sector performance for your reading pleasure.

http://www.yardeni.com/pub/PEACOCKPERF.pdf

For those who need an update on Ed Yardeni, see below:

http://www.yardeni.com/pub/ey_bio_2.pdf

Hans Redeker of Morgan Stanley

Click on this link for Redeker on CNBC today.

NAHB Sentiment and Home Builder Stocks

Strong correlation since 2005

Relationship between USD/JPY and 10-yr Treasury Yield

The USD/JPY has been following 10-year Treasury yields

rather closely for the past couple of years.

Courtesy Kathy Lien, BK Asset Mgmt.

Woodford's Paper Delivered at Jackson Hole

Michael Woodford is an expert on monetary policy from Columbia University.  After Bernanke's statement, this is probably the most widely read and commented upon.

http://kansascityfed.org/publicat/sympos/2012/mw.pdf

Hatzius Nails It on TV--Too Bad I Missed the Broadcast

High Pole Warning for Long Bonds as Fed Walks QE Tightrope

The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warningthat lower prices could be seen in the future.

Today's Fed Statement Buying MBS $40 billion a month

You might wanna read dis.

http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

What is the European Central Bank's new OMT?

Something we need to be aware of.