But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.
After a tumultuous couple of weeks, bonds get a break
This past week was a short week with the bond market closed for Veteran’s Day. The stock market was still open, however. This week is also not a heavy week data-wise or earnings-wise.
Economic data this week
Monday, November 18
Tuesday, November 19
Wednesday, November 20
Thursday, November 21
Friday, November 22
Earnings reports this week
Impact on mortgage REITs
Mortgage REITs like Annaly (NLY), American Capital Agency (AGNC), and MFA Financial (MFA) are highly interest rate–sensitive. None of the economic releases will be market-moving (or at least none should be). For the REITs, the most interesting thing next week will be the minutes from the October FOMC meeting.
Impact on homebuilders
Homebuilders like Lennar (LEN) and KB Home (KBH) are heading into a seasonally weak period, so they’re in inventory reduction mode. We will hear from home improvement retailers Home Depot and Lowe’s, which will be a data point for the builders, but won’t drive their stocks. Existing home sales will be of interest, simply because new homes compete with existing homes. But otherwise, it will be a dull week ahead of the Thanksgiving week holidays.
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