While we see a steady improvement in the home sales data; it is important to keep a close eye on the credit side of this sector as well. Trouble in this area could have far more dire consequences for the broader financial markets – much less housing. Another interesting, but under-the-radar, report to keep an eye on is building discussion about State bankruptcies. This would be similar in nature to EU members going bankrupt. Looking ahead to next week, both risk appetite and the dollar are prone to seeing dramatic developments in trend.
No comments:
Post a Comment