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Boxes For Sale
It'd be an understatement, and not a small one, to describe investor interest in macro data as "limited" this week.
We're in the highest of high holidays in the Western world, and that's carte blanche to tune out.
But, for anyone inclined (or obliged) to care, government data released Monday showed new home sales in the US rebounded in November from one of the sharpest declines in decades.
Recall that sales collapsed the prior month when the South was reeling from a pair of hurricanes. That
Rather than new normal buyers are probably thinking that orange man is going to force rates lower using his bigly brain so why not buy now!