15 Years Ago, the Housing Market Crashed Under Similar Circumstances

Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. According to the St. Louis Fed, the median price for a home was $257,400, a record. The Fed was raising interest rates. After a series of rate hikes, the Fed funds rate reached 5.25%, its highest point in … Read more

AMD’s Prices Are Micro Now, Too

Shares of chip maker Advanced Micro Devices (AMD)  have traded lower since early December, but investors have not been attracted to the long side. Unfortunately further declines look likely in the months ahead. Let’s check on the charts.   In this daily bar chart of AMD, below, we can see that prices have made a … Read more