Housing starts missed again this morning, underscoring the NAHB’s assessment that the housing industry is in a recession. Starts came in 100K below consensus and 9.5% below June’s report. Futures, still laser focused on OPEX, didn’t budge. The NAHB posted the 8th monthly decline in a row yesterday, reporting the lowest reading since May 2020. … continue reading →
Tag Archives: MSFT
Markets are flat following yesterday’s 1.5% move higher engineered by a stunning 12% VIX smackdown off Wednesday’s highs. continued for members… … continue reading →
Between an FOMC meeting, consumer confidence, GDP, durable goods, PCE, consumer sentiment, new home sales and a slew of important earnings calls, this week promises to be one of the most important so far in 2022. Somewhere in all that data we should learn whether the economy is really in a recession (spoiler alert: it … continue reading →