Today I was Fox Business’s Making Money with Charles Payne discussing the latest reading on the Homebuilders Index which hit an all time high (tied with 12/98). Below are my notes from the show.

Overall Thoughts – Four Pillars of Market right now

1. Liquidity up 25% since March

2. Rates at Zero and staying there

3. Economic Data coming in far above expectations

4. Earnings beating estimates

Homebuilding Index at All Time Highs

1. This is combination of City Exodus and low rates

2. Don’t see this trend stopping

3. Mortgages Rates at all time lows, and going lower

4. Only now getting past pre-crisis highs

5. Personal Savings Rate at 20% & financial markets recovering allowing for people to afford down payments

Retail Earnings

1.       What I’m looking at across the board is transition to digital sales

2.       Can Walmart build on 74% Growth E-Commerce Sales Growth

3.       Think HD & Lowes will have huge quarters on the back of homebuilder data

4.       Other name to look at is Target – can they bounce back from last quarter?

5.       Great company that has had execution issues