Very preliminary evidence: Fall in existing home sales shows higher interest rates slowing U.S. economy
Contracts to purchase previously owned U.S. homes fell in November, unexpectedly, according to the National Association of Realtors in Washington. Pending home sales declined by 2.5% after a 0.1% increase in October. This may seem out of step with news that purchases of new U.S. homes rose in November to the second-fastest pace in almost nine years, but it’s not
Notes You Need for December 6: Updated 7:20 p.m. housing, trade deficit, Chipotle, Toll Brothers, Parsley Energy, Japanese casinos, MGM
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Now it’s home sales pointing to U.S. economic strength
Sales of previously owned homes rose in January to the second-highest pace since early 2007. Prices climbed from January 2015 as well
Saturday Night Quarterback says, For the week ahead expect…
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Reassuring existing home sales today ahead of a big housing week (and a Fed meeting)
Existing home sales grew by 2.4% in December to an annualized rate of 5.04 million. That was an increase from the revised 4.92 million annualized rate in November. The December number is reassuring for anyone worried about a slowdown in the U.S. economy after disappointing numbers from the retail sector
Bad economic news from Japan, EuroZone, and China today; U.S. remains only game in town
Yesterday’s release of the minutes from its October 29 meeting showed a Fed that was resolutely not talking about worries over slowing growth in overseas economies or volatility in overseas financial markets. Which is a good thing considering the bad news this morning on the economies of China, Japan, and the EuroZone
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A rally on new home sales prevents a fourth straight down day–so far
Tuesday’s drop in the Standard & Poor’s 500 marked the third straight losing session for the index. That was the sixth three-day drop in the S&P 500 in 2014 but the index hasn’t had a four-day drop since December
S&P breaks 2,000 on momentum, M&A, and euro stimulus forecasts
Disappointing new home sales weren’t enough to stem momentum in U.S. stocks or to offset enthusiasm at signs the European Central Bank is moving toward a new round of stimulus. The early move was supported by more mergers and acquisitions news
Saturday Night Quarterback says, For the week ahead expect…
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