As I said on Friday's one-hour show on the FOX Business Network, housing will be front-and-center this week. Along with the second full week of Q3 earnings releases, we have a ton of housing data to sift through--and all arrows are pointing down for this sector.
The big four releases this week are:
1. The Housing Market Index (released today at 1:00, NYT).
2. Housing Starts (released tomorrow at 8:30am, NYT).
3. Permits (released tomorrow at 8:30am, NYT).
4. Existing Home Sales (released Friday at 10:00am, NYT).
It's not looking good!
More later on housing, the Raj Rajaratnam case (this is just the start of something MUCH bigger, folks), Apple earnings and updates on the Yankees game.
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC