Folks Mark Warner and the rest of these morons are petrified about the housing numbers from today.
From the article:
New home sales have been one of this year’s best surprises and home builders are reporting strong activity this month and see even better times ahead. The housing market index topped expectations in May, rising 2 points to 70. Current sales are also up 2 points to 76 with 6-month sales up 4 points to a very strong 79. And traffic, in a key reading, is at 51 and over breakeven 50 for the 5th time in the last six months. The West leads the regions with a 3-month composite score of 80 with the Northeast trailing at 50.
On the Charles Payne show this evening, he reported that new-home owners in the first quarter hit 854K while new-renters hit 365K. This is the first time buyers have outpaced renters since the third quarter in 2006.
First quarter corporate rates are on track for a new all time record once all corporations share their first quarter profits (90% have already shared their first quarter profits).
The DOW is up 14.45% since 11/8/16, S&P 12.28% since 11/8/16 and the NASDAQ 18.41% since 11/8/16.
Folks WE ARE ABSOLUTELY KILLING THEM!