Econ Data

Existing Homes sales,Multiple year highs ..”surged by the most on record in july” BBG per national association of realtors “the housing market is past the recovery phase and is now in a booming stage ” and more importantly in my opinion “with a sizable shift in remote in remote work current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021” NAB

Contrast this Mornings data to overnight Europe and it appears the US economy has the upper hand and likely reason for Out performance in Spoos vs Dax or Stoxx 50 today.

Another false start RTY/NDX everybody hoping this time the rotation would hold not the case.

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