Tuesday, July 26, 2016

Consumer Confidence … Home sales … Stock Market Analysis

CONSUMER CONFIDENCE (MarketWatch)
"An index that measures consumer confidence held steady in July, suggesting Americans are ‘cautiously optimistic” that the U.S. economy will continue to grow. The consumer-confidence index was little changed this month, finishing at 97.3…” Story at…
http://www.marketwatch.com/story/consumer-confidence-holds-steady-in-july-2016-07-26
 
HOME SALES (Bloomberg)
“Purchases of new U.S. single-family homes rose in June to the highest level in more than eight years, indicating a firm and resilient housing market. Sales increased 3.5 percent to a 592,000 annualized pace, the fastest since February 2008…” Story at…
http://www.bloomberg.com/news/articles/2016-07-26/new-home-sales-in-u-s-jump-to-highest-level-since-february-2008
 
Stock Market Analysis
I’ll post details later, but it’s not much different than yesterday’s blog post.