Savvy Trades and Investments

[cliffvb]

Housing starts announced this morning surged by 12.3% compared to a 4.5% estimate. This puts them at the highest level in 12 years and brings them more in line with the strong order book that many builders are reporting.

Housing had been the weak link in the economy but this takes that away. I still expect the Fed will drop rates by .25% due to a weakening global economy but the US economy is doing well.

Btw, 41% of investors now expect no rate cut, way up from 0% a month ago. Watch out below if that happens.