New home sales MoM for March came in today at 0.692M vs 0.695M consensus estimate. However, the percentage change expected came in at +4.5% vs -2.5%, a big blowout. The trend confirms the Trump economy is still alive and kicking.
Unexpectedly positive earning from multiple American companies this morning, like Coka-Cola and Twitter, are powering U.S. equity markets higher.
- Existing Home Sales Fall More Than Expected
- Retail Sales Jump In March, Unemployment Claims Down Again