2024 Black swan housing market - A black swan is an extremely rare event that triggers a significant market crash. Cupkovic worked with Amplify Investments to develop a suite of three exchange-traded funds, trading under the ...

 
In particular, the global financial crisis of 2007-09 is often described as a black-swan event, despite warnings about derivatives and a subprime housing-market bubble. By definition, black swans .... Black swan housing market

Many factors suggest a housing crash will occur in 2024. A recession later this year is the primary catalyst for a 2024 housing crash. A cooling jobs market could catalyze a recession. Prices may ...Sep 11, 2023 · A real estate investor thinks the housing market will experience a “Black Swan” event within the next year due to affordability pressures. Sean Terry, a former U.S. Marine and founder of the ... Last year was among the stock market’s worst since the 2008 financial crisis and the end of a three-year bull run. The tech-driven Nasdaq shed 33.1% during the year, while the S&P 500 plunged 20%.K en Griffin is staring pensively out a wall of windows on the tenth floor of a Midtown Manhattan office building, one of three locations in New York City occupied by his $47 billion Chicago-based ...Black Swan funds spend years waiting for markets to crash. Turns out, just a whiff of a crash is enough to juice performance. These options-based strategies that benefit from volatility breakouts ...The black swan metaphor was specifically employed by John Stuart Mill almost one hundred years later and recently popularized in the financial context by Nassim Nicholas Taleb. Mill, J. S. (1843) A System of Logic, Ratiocinative and Inductive; Taleb, N. N. (2007) The Black Swan: The Impact of the Highly Improbable, Random House, New York.Due to the government’s fiscal and monetary policy interventions, Australian house prices have fluctuated and resulted in some transformational shifts in the housing market dynamics, including some key determinants of the housing market. Black Swan Events (BSEs) are significantly negatively impactful events that affect all aspects of human ...A black swan event, a phrase commonly used in the world of finance, is an extremely negative event or occurrence that is impossibly difficult to predict. In other words, black swan events are events that are unexpected and unknowable. The term was popularized by former Wall Street trader Nassim Nicholas Taleb, who wrote about the concept in his ...Mar 20, 2022 – 4.14pm. The COVID-19 housing boom may have peaked in most parts of Australia but analyst CoreLogic has identified six “remarkable” shifts caused by the pandemic over the past ...Cramer: 'Black swan' of Trump refusing to leave White House looks less likely, reassuring markets Published Fri, Nov 13 2020 11:44 AM EST Updated Fri, Nov 13 2020 12:30 PM EST Kevin Stankiewicz ...One of the most recent and well-known examples of a black swan occurrence is the collapse of the U.S. housing market during the financial crisis of 2008.2 មិថុនា 2023 ... At Empirica, investors who put a small percentage of their cash in the fund could be protected when the black swan swooped down. The ...(Stellar MLS as Distributed by MLS Grid) For Sale: 2 beds, 1.5 baths ∙ 1140 sq. ft. ∙ 11048 Black Swan Ct, SEFFNER, FL 33584 ∙ $250,000 ∙ MLS# T3489289 ∙ TOWNHOMES AT LAKEVIEW - Beautiful Townhome in the Lakeview Village Community…...Australian housing markets, the COVID-19 pandemic and black swan events DOI: Authors: Woon Weng Wong RMIT University Kwabena Mintah RMIT …A real estate investor thinks the housing market will experience a “Black Swan” event within the next year due to affordability pressures. Sean Terry, a former U.S. Marine and founder of the ...The Chinese real estate market is experiencing another potential black swan event as Country Garden, once China's largest property developer by sales, spirals into a crisis that threatens to ...Covid-19 is a Black Swan event. The outbreak of Covid-19 is a textbook definition of a Black Swan event – an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Before the outbreak of Covid-19 the housing market’s health was improving, there was nothing fundamentally …Black Swan is not merely an alternative to a hotel; it’s a completely immersive experience in and of itself. One in which we endeavor to provide those that stay within our expertly …A real estate developer is warning of a "Black Swan" event within the next calendar year due to the housing market's present volatility. Sean Terry, a former United States Marine and the founder ...Gammon also revealed his "highest conviction" of what that black swan event could be going into 2024, discussing a potential China collapse, a WW3 scenario, and a real estate crisis. To find out the most likely outcome to lead the world into a global financial crisis 2.0, watch the video above.Aug 31, 2023 · The Chinese real estate market is experiencing another potential black swan event as Country Garden, once China's largest property developer by sales, spirals into a crisis that threatens to ... Sep 11, 2023 · A “Sold” sign is pictured in North Salt Lake on Monday, Aug. 28, 2023. Kristin Murphy, Deseret News. A real estate investor thinks the housing market will experience a “Black Swan” event within the next year due to affordability pressures. Sean Terry, a former U.S. Marine and founder of the real estate investing company Flip2Freedom ... The impact of COVID pandemic is being considered as the third 'Black Swan' event for the realty sector in the last five years. Earlier demonetization of high value …Are you in the market for a new all-in-one printer? With Black Friday just around the corner, now is the perfect time to find great deals on this essential office equipment. Before diving into the world of Black Friday deals, it’s crucial t...Some sort of Black Swan something.” Terry pointed to the Federal Reserve and its efforts to tamp down record levels of inflation as what could push the housing market toward a Black Swan or unpredictable event with severe consequences that is …Jul 12, 2022 · According to the Cboe, a SKEW value at or close to 100 indicates a “normal” market (meaning the market views the likelihood of a black swan event as low). A SKEW at 115, for example, suggests a 6% risk of a black swan event occurring; at 135, that risk rises to 12%. (In late January 2021, the SKEW was around 147.) As The Housing Market Approaches The Cliff A Possible Black Swan Appears Nov. 26, 2013 2:44 PM ET BAC , C , DHI , JPM , KBH , WFC , XHB 31 Comments Dave KranzlerThere is nothing markets are worse at than pricing in very low-probability but truly extreme risks. This is the original concept of the “black swan” as laid out in the 19th century by the ...٢٧‏/٠٩‏/٢٠٢٣ ... China Has Second Thoughts About Controlling Prices in Its Multi Trillion-Dollar Housing Market ... “Any snowball effect from this could be a black ...Expert predicts catastrophic Black Swan event will 'rock the housing markets'. There are growing concerns that the US housing market could crash in 2024. A property investor has even predicted a ...Aug 21, 2021 · "The ‘Black Swan’ is the inevitable collapse in U.S. home prices —they are in the stratosphere benchmarked against all the fundamental factors that drive valuations," wrote David Rosenberg,... A property investor has even predicted a Black Swan event will ‘rock the housing markets’ because of affordability pressures. The volatility of the housing market, which has seen a combination ...The boss of a 'Black Swan' fund warns the Fed's rate hikes could cripple markets and the economy - and cause a bigger problem than inflation Theron Mohamed 2022-09-16T10:32:33Z Sep 11, 2023 · Investor Warns of 'Black Swan' Timeline Sep 11, 2023 at 2:16 PM EDT By Nick Mordowanec Staff Writer A real estate developer is warning of a "Black Swan" event within the next calendar... Brookside Homes for Sale. See photos and price history of this 3 bed, 4 bath, 3,612 Sq. Ft. recently sold home located at 9 Black Swan Ct, Brookfield, CT 06804 that was sold on 07/07/2023 for $715000.Oct 7, 2021 · The last black swan event was the 2008 U.S. housing market crash. It occurred after a housing bubble (the result of housing prices steadily increasing due to demand, speculation, and other factors ... Habib warned that home values could fall if a black-swan event spikes inflation, forcing the Fed to sharply hike rates. Market jitters could also drive mortgage rates higher, or a severe downturn ...Nov 17, 2020 · In particular, the global financial crisis of 2007-09 is often described as a black-swan event, despite warnings about derivatives and a subprime housing-market bubble. By definition, black swans ... Cooking out is one of the best ways to entertain. Grills come in all shapes and sizes, but if you live in an apartment or rental house, you may not be able to use a gas or charcoal grill.A textbook black swan event example – and one of the most devastating black swan events in history – is the 1929-1933 Great Depression. This event was so severe that it is often used by economists to describe how intense a financial crisis can hit the world economy. The Great Depression started in the United States with the stock market ...In today’s real estate market, there are various options available for homebuyers. One option that is gaining popularity is purchasing houses for sale by owner (FSBO). This means that the seller is handling the entire selling process withou...A real estate developer is warning of a "Black Swan" event within the next calendar year due to the housing market's present volatility. Sean Terry, a former United States Marine and the founder ...6 Sept 2021 ... ... black swan” events: unexpected, unpredictable events causing massive drops in the housing market. If you planned to sell your home during ...Simply put, the Black Swan theory stands for a high-impact, rare, and highly unpredictable event boasting significant consequences for economies and financial markets. Any event adhering to this theory is a black swan event and has a widespread, mostly detrimental impact. Note that, for instance, a market correction after a bull run isn’t a ...A black swan event, a phrase commonly used in the world of finance, is an extremely negative event or occurrence that is impossibly difficult to predict. In other words, black swan events are events that are unexpected and unknowable. The term was popularized by former Wall Street trader Nassim Nicholas Taleb, who wrote about the concept in his ...If you’re in the market for a new place to live, get to know us. Black Swan Living is the resident-focused property management company that offers well-maintained, high quality single family homes, apartments, and townhouses that feel like home, for you and your pets. There’s something for everyone in our portfolio of properties, such as ...A real estate developer is warning of a "Black Swan" event within the next calendar year due to the housing market's present volatility. Sean Terry, a former United States Marine and the founder ...In his book The Black Swan: The Impact of the Highly Improbable, former Wall Street trader and finance professor Nassim Nicholas Taleb defines the “black swan” event as a high impact, low …To sum up, Black Swan events are unexpected, high impact events. Investors can take advantage of these events by understanding the fundamentals and behavior of a market crash. However, it is important to a) be humble and stagger the investments over a reasonable time frame and b) be meticulous in picking up good …21 ឧសភា 2020 ... Unlike the great recession, the current black swan event is a health emergency turned economic crisis. Housing is a casualty, not the cause.6 Sept 2021 ... ... black swan” events: unexpected, unpredictable events causing massive drops in the housing market. If you planned to sell your home during ...19 មីនា 2020 ... Black swan events like COVID-19 can cause investors to panic. However, markets have historically recovered—and such drops may offer ...If you’re in the market for a new place to live, get to know us. Black Swan Living is the resident-focused property management company that offers well-maintained, high quality single family homes, apartments, and townhouses that feel like home, for you and your pets. There’s something for everyone in our portfolio of properties, such as ... May 8, 2023 · Simply put, the Black Swan theory stands for a high-impact, rare, and highly unpredictable event boasting significant consequences for economies and financial markets. Any event adhering to this theory is a black swan event and has a widespread, mostly detrimental impact. Note that, for instance, a market correction after a bull run isn’t a ... In some circles, it is being discussed that the next major black swan event could be a housing market crash, due to soaring housing prices and rising mortgage rates. Understandably, this kind of ...7 តុលា 2021 ... Labor shortages continue. From fast food giants, to hospitals, and trucking companies, all are feeling the squeeze. The US Housing market is ...To control ants indoors, follow ant trails to find the nest and spray it directly with an insecticide if possible. If the nest isn’t directly accessible, use ant bait or nonrepellent insecticide around the perimeter of the house and on any ...In stock markets black swan events are described as market crashes that exceed six standard deviations. Indeed, most financial markets tend to widely use the normal distribution model, or the bell …While there are several strong theoretical reasons to observe the “black swan” effect on cryptocurrency herding, our results suggest that COVID-19 does not amplify herding in cryptocurrency markets. In all markets studied, herding remains contingent on up or down markets days, but does not get stronger during the COVID-19.If you are considering putting your home on the market, you are not alone. Each year, millions of homes are put on the market. Data from the National Association of Realtors shows that anywhere from five million to six million existing hous...6 Sept 2021 ... ... black swan” events: unexpected, unpredictable events causing massive drops in the housing market. If you planned to sell your home during ...Aug 21, 2021 · "The ‘Black Swan’ is the inevitable collapse in U.S. home prices —they are in the stratosphere benchmarked against all the fundamental factors that drive valuations," wrote David Rosenberg,... 6 កញ្ញា 2021 ... ... black swan” events: unexpected, unpredictable events causing massive drops in the housing market. If you planned to sell your home during ...Mar 21, 2023 · March 21, 2023, at 3:10 p.m. 5 Ways to Prepare for Black Swan Events. Popularized by Nassim Nicholas Taleb in his 2007 book, "The Black Swan: The Impact of the Highly Improbable," the term has ... The Black Swan: The Impact of the Highly Improbable (Incerto)Drew Angerer. This article was first posted in Outperforming the Market on March 23, 2023. Black swan events. Nassim Nicholas Taleb made popular the term "black swan event", and I do think that ...Examples of Past Black Swan Events . The crash of the U.S. housing market during the 2008 financial crisis is one of the most recent and well-known …It is also referred to as the Great Recession of 2008. The housing market bubble is the one that led to the severe financial crisis with its acute impact ...Many factors suggest a housing crash will occur in 2024. A recession later this year is the primary catalyst for a 2024 housing crash. A cooling jobs market could catalyze a recession. Prices may ...The black swan event plunged some of the world’s top economies into a recession. The 2008 mortgage crisis started in 2007 and was the aftermath of the housing market boom. The U.S. housing market grew by leaps and bounds, just a few years after the 2001 dot com bubble."The ‘Black Swan’ is the inevitable collapse in U.S. home prices —they are in the stratosphere benchmarked against all the fundamental factors that drive valuations," wrote David Rosenberg,...21 ឧសភា 2020 ... Unlike the great recession, the current black swan event is a health emergency turned economic crisis. Housing is a casualty, not the cause.Competitions and Markets Authority Victoria House Southampton Row London wc IV 4AD Green Energy (UK) plc Black Swan House 23 Baldock Street Ware SG12 9DH greenenergyuk.com [email protected] 01920 486156 Despfte wanting to clear the air and re-establish trust in the industry, the constant too-ing andIn particular, the global financial crisis of 2007-09 is often described as a black-swan event, despite warnings about derivatives and a subprime housing-market bubble. By definition, black swans ...When Will Housing Market Burst? Investor Warns of 'Black Swan' TimelineThe Black Swan: The impact of the highly improbable. Random House, 2007. Taleb has made his living (and a small fortune, now transformed into a large fortune by the 2008 market) in an unusual way -- by financial speculation in contexts where he spots a small chance of making a very large gain.Nov 18, 2023 · The crash of the U.S. housing market during the 2008 financial crisis is one of the most recent and well-known black swan events. The effect of the crash was catastrophic and global, and only a few outliers were able to predict it happening. Drew Angerer. This article was first posted in Outperforming the Market on March 23, 2023. Black swan events. Nassim Nicholas Taleb made popular the term "black swan event", and I do think that ...Black swan housing market

Black Swans: 9 Recent Events That Changed Finance Forever. The following infographic comes to us from Call Levels, and it highlights nine other recent “black swan” events that will have a lasting impact on how investors approach markets. These events range from the Asian financial crisis of 1997 to the more recent Brexit panic that occurred .... Black swan housing market

black swan housing market

“The Black Swan” was meant to explain why, in a networked world, we need to change business practices and social norms—not, as he recently told me, to provide “a cliché for any bad thing ...Apr 3, 2013 · The popular term is "black swan." ... Since late 2012, the U.S. housing market has been growing at a steady and strong pace, pushed ahead organically through a bottoming in prices and artificially ... As of early March, it is not yet known which category the coronavirus - a true "black swan ... As the economy recovered, the housing market started to appreciate ...The euphoria in the U.S. housing market may be flashing a danger signal, and lofty home values could be at risk of a sharp drop. Record low interest rates, historically tight inventories and the COVID-19 pandemic pulling forward the flight from city centers to the suburbs have sparked an unprecedented rise in U.S. home prices. "The ‘Black ...As of early March, it is not yet known which category the coronavirus - a true "black swan ... As the economy recovered, the housing market started to appreciate ...Black Swan funds spend years waiting for markets to crash. Turns out, just a whiff of a crash is enough to juice performance. These options-based strategies that benefit from volatility breakouts ...The stock market’s downturn over Russia’s invasion of Ukraine sure looks like a black swan event, but it really isn’t. The term “black swan” describes an unlikely, rare occurrence, and ...The Black Swan. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge. It was first published in 2001. Updated editions were released a few years later. The book is the first part of Taleb's multi-volume philosophical essay on uncertainty ...Homes similar to 10933 Black Swan Ct are listed between $230K to $400K at an average of $190 per square foot. $244,900. 2 beds. 2.5 baths. 1,184 sq ft. 2334 Lake Woodberry Cir, BRANDON, FL 33510. $320,000. 3 beds. In the event of a black swan market crash, preparedness is key August 17, 2022 By Bret Kenwell , InvestorPlace Contributor Aug 17, 2022, 6:30 am EST August 17, 2022 AdvertisementThe real estate market is booming, with numerous properties available for sale. As a buyer, this abundance of choices can be both exciting and overwhelming. The term “zillion house for sale” may sound unfamiliar, but it simply refers to a l...The second potential black swan not being priced into the market value of homebuilder stocks is the quiet dissipation of the first-time buyer segment of the market. The first time buyer segment of ...Black locust tree thorns are poisonous and sharp, growing up to 2 inches in length. They may cause severe stomach pain or death when ingested by people, livestock or other animals such as deer, or house pets.While there are several strong theoretical reasons to observe the “black swan” effect on cryptocurrency herding, our results suggest that COVID-19 does not amplify herding in cryptocurrency markets. In all markets studied, herding remains contingent on up or down markets days, but does not get stronger during the COVID-19."The ‘Black Swan’ is the inevitable collapse in U.S. home prices —they are in the stratosphere benchmarked against all the fundamental factors that drive …March 21, 2023, at 3:10 p.m. 5 Ways to Prepare for Black Swan Events. Popularized by Nassim Nicholas Taleb in his 2007 book, "The Black Swan: The Impact of the Highly Improbable," the term has ...SALT LAKE CITY — A real estate investor thinks the housing market will experience a "Black Swan" event within the next year due to affordability pressures. Sean Terry, a former U.S. Marine and ... About. Black Swan Real Estate is a top real estate team consisting of 11 active licensed agents with Keller Williams Premier Realty and conducting business in Rochester, MN. The team primarlily serves clients in Minnesota. Black Swan Real Estate is featured on the 2023 America's Best list for exemplary sales production in 2022.Stock Market Crash Of 1987: A rapid and severe downturn in stock prices that occurred in late October of 1987. After five days of intensifying stock market declines, selling pressure hit a peak on ...Aug 15, 2022 · Tip No. 4: Be Flexible When Facing Black Swan Events. Source: Shutterstock. A black swan event often requires quick thinking and adaptability. If you’re rigid in your thinking, you may be unable ... The Chinese real estate market is experiencing another potential black swan event as Country Garden, once China's largest property developer by sales, spirals into a crisis that threatens to ...In the world of investing, the term black swan is used to describe any market-moving event that no one saw coming. A perfect example of this is the coronavirus pandemic, which profoundly shaped ...6 មិថុនា 2018 ... In fact, once upon a time, no one (at least in Europe) had seen a black swan because all of the swans were white. ... The 2009 housing market ...A property investor has even predicted a Black Swan event will ‘rock the housing markets’ because of affordability pressures. The volatility of the housing market, which has seen a combination of elevated housing prices and high interest rates, could lead to a crash in the housing market in the very near future, an expert has warned.Warm temps seem to have thawed the Med City real estate market. Black Swan Living, led by Nick and Dr. Elaine Stageberg, recently paid $26.9 million for the Residence @ Discovery Square complex.2 មិថុនា 2023 ... At Empirica, investors who put a small percentage of their cash in the fund could be protected when the black swan swooped down. The ...In some circles, it is being discussed that the next major black swan event could be a housing market crash, due to soaring housing prices and rising mortgage rates. Understandably, this kind of ...“The Black Swan” was meant to explain why, in a networked world, we need to change business practices and social norms—not, as he recently told me, to provide “a cliché for any bad thing ...What is a black swan event? A black swan event is something that is unpredictable and rare. It comes from the notion that black swans are rare.The crisis has genesis panic in financial markets and encouraged investors to take their money out of risky mortgage bonds and equity also, financial ...A real estate investor thinks the housing market will experience a “Black Swan” event within the next year due to affordability pressures. Sean Terry, a former U.S. Marine and founder of the ...The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing …CONTEMPORARY ISSUE 8.3 BLACK SWAN EVENTS In 1697 the Dutch discovered black swans in Western Australian. ... housing market in 2008 was an example of a black swan ...Expert predicts catastrophic Black Swan event will 'rock the housing markets'. There are growing concerns that the US housing market could crash in 2024. A property investor has even predicted a ... Explore Black Swan Estates. There are 35 cities in or around Black Swan Estates. 66217 has a median listing home price of $517K, making it the most expensive city. Argentine is the most affordable ... After 11 interest rate hikes in this tightening cycle, the current rate range remains between 5.25% and 5.5%, the highest in 22 years. Fed projections suggest the terminal federal funds rate will ...Australian Property Education and Research Fund | Research Paper Page 14 of 95 This short and sharp downturn that lasted for approximately seven quarters ended in quarter 3Apr 5, 2023 · Stock Market Black Swan Theory. A black swan event in the stock market has three characteristics: ... Some common examples include the dotcom bubble and the housing market crash. Investor Warns of 'Black Swan' Timeline Sep 11, 2023 at 2:16 PM EDT By Nick Mordowanec Staff Writer A real estate developer is warning of a "Black Swan" event within the next calendar...٢٠‏/١٠‏/٢٠٢٣ ... Meanwhile, with the Bank of England base rate at 5.25% and likely to stay elevated, the housing market, alongside the major housebuilders, is ...Black Swan is not merely an alternative to a hotel; it’s a completely immersive experience in and of itself. One in which we endeavor to provide those that stay within our expertly …A black swan is an extremely rare event that triggers a significant market crash. Cupkovic worked with Amplify Investments to develop a suite of three exchange-traded funds, trading under the ...Key takeaways. People use the term “black swan event” to refer to unexpected financial events in history. Three elements of black swan events are that they occur unexpectedly, have severe consequences, and are only deemed black swan events in hindsight. The 2008 financial crisis and the stock market crash of 1929 are two famous black swan ...White House Black Market is a popular women’s fashion retailer that offers a wide range of clothing items, accessories, and footwear. The brand is known for its stylish and sophisticated designs, which are perfect for women who want to look...٢٧‏/٠٩‏/٢٠٢٣ ... China Has Second Thoughts About Controlling Prices in Its Multi Trillion-Dollar Housing Market ... “Any snowball effect from this could be a black ...Panic, slash, or crash — do black swan events [1] surprise a stock market or are they the last straw to break the falling trend? The crash of 1929 led to the Great Depression, while the manic Internet bubble during the 1990s led to the recession of 2000–2003, when the Nasdaq lost 78% of its market value.Investor Warns of 'Black Swan' Timeline Sep 11, 2023 at 2:16 PM EDT By Nick Mordowanec Staff Writer A real estate developer is warning of a "Black Swan" event within the next calendar...The Chinese real estate market is experiencing another potential black swan event as Country Garden, once China's largest property developer by sales, spirals into a crisis that threatens to ...Hajikazemi et al. (2016) described the environment of Black Swan in projects and classify organizational process which depends on literature. Manhire (2018) examined the behavior of financial ...The Black Swan has been providing travellers with a warm welcome and famous hospitality for centuries. This iconic site dates back to the 15 th century. With an Elizabethan building on one end, a Tudor one to the other and a Georgian House in the middle, The Black Swan is wonderfully higgledly-piggledy, with bags of character.Black Swan Lending is a hard and private money brokerage, specialized in crafting financial solutions for residential and commercial investment properties. We offer low fee loans and agreeable ...This type of outlier event in financial markets is called a black swan event, and such events have huge consequences. Compare Investment Advisors. Compare the services, fees, and features of the …OK, here my thesis. There are no real markets anymore and the invisible hand of Adam Smith has been cut off and thrown in the chipper. Bear with me. Bond Market: We all know that with the FED in the bond market, the old signals it used to give off are not valid anymore. People are looking for safety and yield, so they run to the bond market.Aug 15, 2022 · Tip No. 4: Be Flexible When Facing Black Swan Events. Source: Shutterstock. A black swan event often requires quick thinking and adaptability. If you’re rigid in your thinking, you may be unable ... . Sandp e mini