This bodes ill for BTCUSD at a time when housing prices and rent are a national policy priority
This chart shows AMEX:XHB the Homebuilders ETF vs ECONOMICS:USCSHPIYY the Case Shiller House Price Index YoY... What do you notice? Well, one data set is lagged by the other. Housebuilders are far more sensitive and closer to the macroeconomic realities and housing supply and demand than the general population on aggregate (because it's their business to...
Today we are taking a look at the Case Shiller Home Index on a year-over-year chart as well as a price chart and using basic, long-term technicals to identify issues and opportunities. I believe we are heading into a recession over the next few years but we will have to see what crazy government program is created to fight that recession that maybe boosts housing...