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Thank you – yummy, yummy Fed, ECB, BOJ and RBA speakers just missing BoE and a little OPEC and Trade war thrown in !!!
Oil is being sold off already 64 with the Sunday open – speculators all long and China tariffs combined with OPEC nerves
Good morning & HOLY TRADE WARS :woohoo: Do hope all fathers had a great day yesterday 🙂 … Selling to start off the week — although a nice “cat bounce” has occurred off the lows … not all new initiatives will be done with a roaring success — but more “good” than “bad” is being done these days at least economically 😉 😆
NAHB housing market index for June 68 vs. 70 expected, Prior 70
index of current single family home sales 75 versus 76 in May
index of prospective buyers 50 versus 51 in May
index of home sales over next 6 months 76 versus 77 in MayThe NAHB cites lumber prices for dropping homebuilder sentiment Tariffs on lumber from Canada has added nearly $9000 the price of a new single-family home since January 2017. Lumber prices rose to a record in May
Higher mortgage rates, the shortage of affordable price listings, and higher property values make purchases less attractive especially for 1st time buyers
The index fell to 64 in the Midwest from 67
In the south it dropped to 69 from 71
In the North East it rose to 61 from 56
West posted a rise to 76 from 75Note December 74.0 was an 18 year high
Draghi did not make any telling remarks from what I see. He does talk again at 4 AM ET. Then on Wed at 9,30 ET a panel discussion between Draghi, FOMC chair Powell, BOJ Kuroda and RBA’s Lowe.
[color=purple][b]Some minor profit taking based on both future FOMC & TARIFF concerns
Dow Jones 24,987.47 −103.01 (0.41%)
S&P 500 2,773.87 −5.79 (0.21%)
Nasdaq 7,747.02 +0.65 (0.0083%)
Russell 2000 1,692.46 +8.55 (0.51%)
NYSE Comp 12,708.64 −26.00 (0.20%)P.S. batton down the hatches in TEXAS as an unnamed storm is impressive on radar :woohoo: [/b][/color]
[size=5][color=red][b]PPPPLLLUUUNNNGGGGGEEEEEEE 😳
DOW FUTURES OFF NEAR 400 POINTS :ohmy:
USA THREATS TO UP ANTE TO $200B IN TARIFF WARS :woohoo:[/b][/color][/size]
More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..
More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..
More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..
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