Housing starts and building permits declined in September
Housing Starts for the month of September fell -5.3% from August to 1201k, slightly better than expectations which were calling for a decline of -5.6% m/m.
Read MoreHousing Starts for the month of September fell -5.3% from August to 1201k, slightly better than expectations which were calling for a decline of -5.6% m/m.
Read MoreA relatively light day ahead in terms of economic data and earnings. Today we will get a second report for the week on the housing market with Housing Starts and…
Read MoreVery strong breadth today as the S&P 500 (SPX) gained 2.15% and closed back above the 2,800 level. Breadth as measured by the number of SPX advancing stocks minus declining…
Read MoreHighlights Credit flows indicate a lessening chance of a financial disaster in the present-term, near-term, intermediate-term, and multi-year time frames The near-term picture for stocks comes down to a…
Read MoreThis morning we had three economic data releases that were all ahead of estimates:
Read MoreYesterday was a pretty interesting day. Typically, over the past few weeks, the breadth has been even worse than the indices, but yesterday was different. According to our friends at…
Read MorePositive earnings reports are helping to push equity futures higher. As of 8:15 A.M., S&P 500 futures are up 18 points and trading at the highest level of the morning.…
Read MoreCorrections don’t feel “natural, normal and healthy” when you are in them. Last Thursday, we noted that out four key tactical indicators were approaching an oversold level that would begin…
Read MoreThe advance retail sales data was mostly below estimates in September. The headline retail sales report which covers sales at roughly 5,500 U.S. stores, websites and restaurants, rose 0.1% in…
Read MoreAfter a big pullback in equities last week, where the S&P 500 (SPX) declined 3.74%, and was worst week for the SPX since 3/23/18, we expect to see continued volatility…
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