Waiting for a Catalyst
UPDATE 10:00Am. RISE OF 6.7% - HOLY COW!! LOOK AT ITB, BZH, XHB
This market is a funny one. The wait for the next catalyst, or batch of economic data, seems to be creating quite an ebb and flow. The home sales and auto sales data will be coming out in a bit. Anticipation of home sales is for a rise of about 1/2%. The auto sales numbers are likely to be shrugged off unless they are a surprise. Watch Ford closely.
I am anticipating home sales to be up a bit higher than the number perhaps up .75%-1.25%. We’ll know shortly.
Housing Data
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