The Macro Brief: Home Sales Drop Dramatically As Our Short These Takes Hold
Where Macro Meet Markets
US NEW HOME SALES CHANGE MOM ACTUAL -8.6% (FORECAST -0.6%, PREVIOUS -2.0%)
This is not a good start to the buying season as the U.S. housing market saw sequential monthly contractions.
I’ve written several pieces on rising interest rates, weakening consumer financials and the broader weakening macro back drop that will culminate into a weakening housing …