"U.S. stocks capped a losing week with two straight days of declines on concern the economy is weakening. Economic data this week, beginning with a housing report, may show inflation is decelerating enough to prompt the Federal Reserve to cut rates."
The last hope of bulls is always rate cuts. I wonder how much of slowing in existing home sales is just enough to increase the rate cut expectations but not remind them about probability of a recession increasing like a train wreck in slow motion....
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