Morning update:
U.S. April existing-home inventory rises 10.5%
U.S. April existing-home median price down 8% in past year
U.S. April single-family homes for sale highest in 23 years
U.S. April existing-home sales stronger than 4.83M expected
Bonds keep their bid, but SPX still holds 1383. Tug of war going on, watch ZN (ten year bond futures) and the 115 level.
Bonds keep their bid, but SPX still holds 1383. Tug of war going on, watch ZN (ten year bond futures) and the 115 level.
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