Yesterday morning I told you that the currencies, for the most part, were flat… That didn’t last too much longer… The US printed what the media and markets thought was a fabulous New Home Sales report, and the rally in risk assets was “onâ€�! With stocks and currencies in rally mode, gold and silver backed off… I’ll talk about that trading theme we’ve seen lately in a minute, but first… Let’s talk about the housing data…
New Home Sales Ignite a Risk Asset Rally
Yesterday morning I told you that the currencies, for the most part, were flat… That didn’t last too much longer… The US printed what the media and markets thought was a fabulous New Home Sales report, and the rally in risk assets was “onâ€�! With stocks and currencies in rally mode, gold and silver backed off… I’ll talk about that trading theme we’ve seen lately in a minute, but first… Let’s talk about the housing data…
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