Industrial Production, NAHB Sentiment Up; QE3 Bets Decrease As Rangebound Trading Continues, Is That A Good Thing? Traders stuck to the sidelines after getting mixed signals about the U.S. economy and the likelihood of QE3 this week. Retail sales numbers were up yesterday along with good news from Home Depot, but some short sellers remained firm…
Shorts Enter Market As S&P 500 Nears New Multi-Year Highs – Retail Sales, HD Earnings Up: The S&P 500 neared new multi-year highs today after positive news from Home Depot and the retail sector. U.S retail sales rose more than economists predicted as consumers hit stores in droves. The Commerce Department said today, retail sails…
Stocks Rangebound Ahead Of Fed, ECB, July 2012 Jobs; Case Shiller Home Prices Up 2.2 Percent May: U.S. equities didn’t do much today and traded in a tight range ahead of the ECB meeting, the FOMC meeting and the July 2012 unemployment numbers due out this Friday. Traders are also waiting for data from ADP…
New Home Sales Down By 8.4 Percent June 2012, Is QE3 Coming Next Week? -It should. The housing market has been making a comeback recently but our analysis shows that in the long run, the homes will suffer from high unemployment and low income growth. The U.S. Commerce Department said today signed contracts to purchase new homes…
Slew Of Bad Data: June 2012 Existing Home Sales, LEI – July 2012 Philly Fed, Jobless Claims; Is QE3 Ready Yet? Existing Home Sales Fall by 5.4 Percent Existing home sales fell by 5.4 percent month over month, the National Association of Realtors said today as real estate investors focused on high-end properties that are…
