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New Home Sales Blow Out Expectations

New Home Sales Blow Out Expectations
Image by Ron Clausen

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.

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1 comment

Lawrence April 23, 2019 at 5:07 pm

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