Wall Street Sector Selector » Page not foundJul 27Comment
New Home Sales: They Sucked
Courtesy of Karl Denninger at The Market Ticker
You know, I have to love the mainstream media.
July 26 (Bloomberg) — Sales of U.S. new homes rose in June more than forecast following an unprecedented...
STOCKS rose 0.64 per cent yesterday boosted by Wall Street and with banks' prospects lifting sentiment ahead of the earnings season.
The benchmark Hang Seng Index closed up 133.48 points at 20,973.39.
Turnover was HK$53.93 billion.
The...
Yesterday morning I told you that the currencies, for the most part, were flat… That didn’t last too much longer… The US printed what the media and markets thought was a fabulous New Home Sales report, and the rally in risk assets was...
New Home Sales rose 23.6% in June from May to a seasonally adjusted annual rate of 330,000. However, the May total was revised down sharply from a rate of 300,000 to 267,000. Thus, relative to where we thought we were, the increase was more like...
Tim Iacono points out that although the new home sales increased in June, it follows record lows and is still the second worst since 1963. When the numbers are put into context they indicate a very troubled market for new homes. See the following...
US new home sales rose a more-than-anticipated 23.6% m/m to a seasonally adjusted 330,000 annual...
For more information, read our latest forex news and reports.
The Euro remained elevated just off of two month highs after strong gains earlier in New York due in part to solid home sales data and positive earnings that propelled equities and risk higher. New York trading saw new home sales and better than...
An upbeat outlook from FedEx, coupled with encouraging home sales, lifted U.S. stocks on Monday, keeping the S&P 500 above 1,100 for a second day and suggesting the rally could last.
Daily US Stock Market Fundamental & Technical AnalysisJul 27Comment
The Dow broke its daily 200MA resistance today, ending higher by 100 points as New Home Sales pleases.
Fundamentals
The recent encouraging earnings season as well as today's better new home sales figures convinced investors that the market might...
The Dow finished sharply higher after moving positive for the year. Slow and steady was the move on Monday as stocks opened higher then slowly built on their gains throughout the day buoyed by the news that U.S. New Home Sales beat estimates and...
Oops! Unable to complete your request. Please refresh your browser.