"The market's master is macroeconomics"- a wise trader once said. Given that I would like to share this past week's economic indicator calender provided by Yahoo! Finance.
As we have seen in the numbers that came out this week, Existing Home Sales and New Home Sales have done better than expected which seems that we have some light coming out of the tunnel in terms of stablizing housing. Durable Goods Orders and Durables Ex-Transportation came out better than expected. GDP still negitive, however did better than expected. As Larry Kudlow mentions, we have "mustard seeds".
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