The Wall Street Journal reported today that existing home sales, “rose in October for the second straight month to a new cyclical high despite rising prices and shrinking inventory, a sign housing demand remains buoyant as the year comes to a close.” The headline was less cautious.
Read the rest of this post and all of my Daily Data Dives at David Stockman’s Contra Corner. Register here to get full access to Contra Corner, including not only my Daily Data Dives, but also David Stockman’s daily insights on the US economy, geopolitics, and the financial markets. These reports are only available there, so please sign up and get a copy of David Stockman’s latest book, Trumped – A Nation on the Brink of Ruin and How To Bring It Back.
For my in-depth analysis and forecasts of the financial markets try the Wall Street Examiner Pro Trader reports available only here.