The sector could rally over the remainder of this year if last month's new home sales weren't a fluke. Read More
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This week's economic data will make it difficult for the Fed to keep cutting its policy rate unless inflation remains low. Read More
KB Homes will release its Q3 results after today's market close, which should get more attention than usual on Wall Street given today's surprisingly strong report for new homes sales in August. Read More
Last month's huge jump in new home sales is so anomalous that I would not be surprised if it is revised downward substantially when next month's report is issued. Read More
Homes sales, inventories, and inflation are on deck this week. Read More
With more rate cuts likely to come before this year is over, Wall Street is assuming that inflation will remain modest while the unemployment rate levels off. Read More
Yesterday's policy rate reduction by the Fed came as no surprise on Wall Street, so now we wait to see if the jobs market starts to improve or if more rate cuts will be necessary to stabilize employment. Read More
By divesting SanDisk, Western Digital effectively made itself a purer play on AI. Read More
Last month's bigger than expected increase in retail and food services sales is potentially inflationary but will not preclude the Fed from reducing its policy rate tomorrow. Read More
Retail sales on Tuesday, Fed rate decision on Wednesday, leading economic indicators on Thursday. Read More