Neighborhoods With the Most Outrageous Christmas Lights in Every State

Neighborhoods With the Most Outrageous Christmas Lights in Every State

Americans have been decorating their homes with outdoor lights during the holidays since suburbia exploded in growth after World War II. To that end, we buy an estimated 150 million light sets each year and light 80 million homes in December.

Over time, outdoor light displays have become more elaborate, taking weeks to create, taxing the patience of those endeavoring to untangle the light strands, and boosting the monthly electric bill during the winter months.

Checking out some of these glowing neighborhoods has become a holiday ritual in itself, like visiting Santa Claus, viewing the Christmas tree at Rockefeller Center, or partaking in holiday parades or special events.

As the holidays draw near, 24/7 Wall St. has compiled a list of the best neighborhoods to see holiday lights in every state.

Click here to see the best neighborhoods for holiday lights in each state.
Click here to see our detailed findings and methodology.

Next Week

Next Week

Next Week

November 17, 2017

Central Banks: There are monetary policy meetings in South Africa, Hungary and Colombia. Meetings of recent meetings will be released at the Fed, ECB and Reserve Bank of Australia. Fed Chair Yellen delivers a speech as do ECB President Draghi, Swiss National Bank Jordan and RBA Governor Lowe.

Holidays: Revolution Day in Mexico and Black Awareness Day in Brazil on Monday. Thanksgiving in the U.S. and Labor Thanksgiving in Japan on Tuesday. U.S. bond market will work a shortened day on Friday.

Scheduled U.S. Statistical Releases: Existing home sales, U. Michigan consumer sentiment, Chicago Fed National Activity Index, durable goods orders, index of leading economic indicators and weekly chain store sales, unemployment insurance claims, energy inventories, mortgage applications, and consumer comfort.

Japanese Economic Data: Customs trade, all-industry index, department store and supermarket sales, index of leading economic indicators, and preliminary manufacturing purchasing managers survey.

Selected Other Asian Data: Singaporean, Malaysian and Hong Kong consumer prices. Indian and Chinese indices of leading economic indicators. Thai and Singaporean GDP. South Korean PPI, Indian M3 money, and Singaporean industrial production.

Euroland: Preliminary manufacturing and service-sector purchasing manager survey results and index of leading economic indicators.

Members of Euroland: German and French preliminary PMIs. German GDP, IFO business climate index, and import prices. German, Spanish, Irish, and Finnish producer prices. Dutch and Belgian consumer confidence. Greek and Portuguese current accounts. Spanish trade balance.

U.K. and Switzerland: British public sector borrowing requirement and surveys of both industrial trends and distributive trades. Swiss industrial output, M3 money growth, and trade surplus.

Eastern Europe: Polish retail sales, industrial production, producer prices and unemployment. Czech consumer confidence and business sentiment.

Nordic Europe: Icelandic and Norwegian unemployment. Icelandic CPI and wages. Danish consumer confidence and retail sales. Swedish producer prices.

Australia, New Zealand, South Africa and Turkey: Australia’s index of leading economic indicators and construction work done. New Zealand retail sales, food prices, trade balance, and services PMI survey results. South African consumer prices and index of leading economic indicators. Turkish consumer confidence.

Canada, Mexico and Brazil: Canadian and Mexican retail sales and wholesale turnover. Mexican GDP and current account. Brazil’s current account.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

 

Tags: Economic Data Calendar




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Market events to watch for the week of Nov. 20

Market events to watch for the week of Nov. 20

Market events to watch this week

Monday, November 20
9:00 am EUR ECB President Draghi Speaks 7:30 pm AUD Monetary Policy Meeting Minutes
Tuesday, November 21
4:05 am AUD RBA Gov Lowe Speaks 6:00 pm USD Fed Chair Yellen Speaks
Wednesday, November 22
8:30 am USD Core Durable Goods Orders m/m 8:30 am USD Unemployment Claims 10:30 am USD Crude Oil Inventories
2:00 pm USD FOMC Meeting Minutes
4:45 pm NZD Retail Sales q/q
Thursday, November 23
4:30 am GBP Second Estimate GDP q/q 8:30 am CAD Core Retail Sales m/m 11:30 am CHF SNB Chairman Jordan Speaks

*All times EDT

About the Author

Alfonso Esparza, senior currency analyst at OANDA, specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends.

Insider Weekly: Why 2018 Will Likely Be A Great Year For This Commodity

Insider Weekly: Why 2018 Will Likely Be A Great Year For This Commodity


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NAHB: Builder Confidence increased to 70 in November

NAHB: Builder Confidence increased to 70 in November

by Bill McBride on 11/16/2017 10:06:00 AM

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 70 in November, up from 68 in October. Any number above 50 indicates that more builders view sales conditions as good than poor.

From NAHB: Builder Confidence Climbs to 8 Month High in November

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005.

“November’s builder confidence reading is close to a post-recession high — a strong indicator that the housing market continues to grow steadily,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “However, our members still face supply-side constraints, such as lot and labor shortages and ongoing building material price increases.”

“Demand for housing is increasing at a consistent pace, driven by job and economic growth, rising homeownership rates and limited housing inventory,” said NAHB Chief Economist Robert Dietz. “With these economic fundamentals in place, we should see continued upward movement of the single-family housing market as we close out 2017.”

Two out of the three HMI components registered gains in November. The component gauging current sales conditions rose two points to 77 and the index measuring buyer traffic increased two points to 50. Meanwhile, the index charting sales expectations in the next six months dropped a single point to 77.

Looking at the three-month moving averages for regional HMI scores, the Northeast jumped five points to 54 and the South rose one point to 69. Both the West and Midwest remained unchanged at 77 and 63, respectively.
emphasis added

NAHB HMI Click on graph for larger image.

This graph show the NAHB index since Jan 1985.

This was above the consensus forecast, and a strong reading.

A Better Market Tone

A Better Market Tone

A Better Market Tone

November 16, 2017

There’s been a respite from the recent slide of equities. Japan’s Nikkei closed 1.5% higher, and the German Dax and Paris Cac are up 0.5% and 0.6%.

The dollar shows mixed overnight changes, with drops of 0.6% against the Swissie, 0.2% relative to the peso and sterling and 0.1% versus the loonie but upticks of 0.5% against the kiwi, 0.3% vis-a-vis the yen and 0.2% against the euro and yuan.

Ten-year sovereign debt yields have rebounded 2 basis points in the U.K. and a basis point each in Japan and Germany. Futures trading also points to a higher Treasury yield.

Commodity prices have slipped slightly. WTI oil is down 0.3%, and gold has edged 0.1% lower.

British retail sales volume in October beat expectations but nonetheless posted the first 0n-year decline (0.3%) since March 2013. Some of this softness reflected a strong performance in October 2016, and weather seems to have played a role. But the main cause is the squeeze on real wages since the Brexit referendum.

Several Bank of England officials made public remarks. Governor Carney stressed the need for a deal to handle Britain’s exit from the EU and said the central bank aims to do what it can to assist this transition. Broadbent said the effect of Brexit on the path of U.K. interest rates is not clear, and Haldane predicted inflation would stay above the 2% target for the next couple of years.

The long string of monthly declines in Britain’s index of leading economic indicators was extended into September when such fell 0.2%. The LEI was 1.1% lower than its level six months earlier. The index of coincident economic indicators meanwhile stagnated in the latest reported month.

Australian labor statistics for October are mixed. The jobless rate unexpectedly fell to 5.4% from 5.5% in September and 5.6% in August, but a decline in part-time workers of 24.3K held the overall growth of employment to a smaller-than-forecast 3.7K.

The flash Euroland consumer price inflation rate of 1.4% in October has been confirmed. This is down from 1.5% in September and August. Core inflation eased to 0.9% from 1.1% in September and 1.2% in August and was just 0.1 percentage point higher than in October 2016. In month-on-month terms, total CPI rose 0.1%, thanks to rises of 0.7% in energy and 0.5% in food, but core CPI dipped 0.1% and services declined 0.5%.

Another rich plate of U.S. indicators arrive today. Industrial production, the Philly Fed manufacturing index, import prices, the National Home Builders monthly housing index, and weekly jobless insurance claims get reported later. Yesterday’s menu of U.S. data included a respectable 0.2% further rise of retail sales (+4.6% on year), October consumer prices (which rose 0.1% on month and 2.0% on year), real weekly average wages (which dipped 0.1% on month and rose just 0.4% on year versus 0.8% in the year to October 2016), and Treasury-compiled outflows. America’s net long-term inflow in August-September soared to a whopping $154 billion.

Italy posted a wider EUR 4.93 billion trade surplus in September.

French ILO-basis unemployment swelled to 9.7% last quarter from 9.5% in 2Q.

Czech PPI inflation declined 0.6 percentage points to 1.1% in October, and Austrian CPI inflation eased to 2.2% from 2.4%.

Wholesale turnover in South Africa was 9.1% weaker in September than a year earlier.

Senior Deputy Governor Wilkins of the Bank of Canada said low inflation and weak wage pressure will enable policymakers to be cautiously prudent as they steer interest rates higher.

Indonesia’s central bank interest rate structure was not changed at this month’s Board meeting. The 4.25% 7-day reverse repo rate will continue to be flanked by a 3.5% overnight deposit facility rate and a 5.0% lending facility rate.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

Tags: Australian labor statistics, British retail sales, Euroland consumer prices




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Bitcoin Back Above $7,000, Bitcoin Cash, and Alan Greenspan

Bitcoin Back Above $7,000, Bitcoin Cash, and Alan Greenspan

Bitcoin has enjoyed a rather expedient recovery after its latest drop-off to the $5,555.55 weekly low, in what amounted to a drawn-out 29.57% pullback, which ended up lasting almost 4 days. The nominal decline totaled $2,332.1, and began after last weeks $7,888 all-time high was achieved. A breach of the $5,101.36 monthly support appeared highly likely at the time, and the subsequent reaction of alternative crypto currencies, seemed to favor the former price level. At the time, market sentiment was being heavily orchestrated into this direction, in what felt like an endless barrage of mainstream and alternative media articles alike. Regardless, bitcoin has managed to bounce back, and has just recently broken above $7,000.

Interestingly enough, bitcoin cash enjoyed massive gains during the last breakdown of bitcoin’s market dominance. The BitFinex BCH/USD trading pair registered a new $521.21 November 8 weekly low (GMT 18:00), which practically coincided with the Bitstamp’s BTC/USD $7,888 November 8 all-time high (GMT 17:00). The inverse correlation could not have been more obvious, and an extremely violent run-up resulted in the $2,799 bitcoin cash all-time high. Understandably, this high has now become a focal point of many trading plans. Bitcoin cash has stabilized in the meantime, with the price of the spin-off currency primarily trading above and below $1,200 since then.

Bitcoin confirmation times severely oscillated all the while this was happening, and we are now used to having ludicrously long queues numbering 100,000 unconfirmed transactions at any one time, something that only previously occurred in the course of peak usage. Median confirmation times are up as well, while the mempool load appears to be slowly deteriorating downward. Miners are now freely switching between both chains; a simple chart comparison of the contending hash rates, elegantly illustrates this interdependence.

On a similar note, SegWit block signaling has severely broken down, although the actual dispersal of backing for the project started months before the all-time high. Information on the definite percentage is contradictory at best, with values as low as 1% up to 11% in some cases.

The jump above the $7,000 psychological level has also managed to stir up additional media attention. Two articles stood out among the crowded interwebs, the first was from Bloomberg, and covered trading activity on the Zimbabwe’s Golix exchange. The second was published by bitcoin.com, and was chiefly based around citing the thoughts of Alan Greenspan on bitcoin.

Bitcoin entered into a conventional reversal from the $7,888 all-time high on November 8 (GMT 17:00). The descending channel came to a halt at the $5,555.55 weekly low on November 12 (GMT 06:00). After a smaller upward bounce to the $6,485.12 November 12 daily high (GMT 11:00), we again witnessed a retest of prior lows, this time at the $5,639 November 12 daily low (GMT 23:00). The turnaround continued afterwards, and the price of bitcoin was blasting above $7,100 at the time of writing.

If you have any questions and comments on bitcoin today, use the form below to reply.