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Morning Commentary

Manufacturing Renaissance & Housing Revival

By Charles Payne, CEO & Principal Analyst
11/16/2017 11:57 AM
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The market is rocking on a combination of strong corporate earnings from heavyweight names and more evidence the economy is heating up- big time.  #Winning

Economic Data

Industrial Production

Highlights:

Housing Market Index

The housing market has had its share of fits and starts, but the underpinnings have hinted at a potential major shift higher.  The 70 reading for the Housing Market Index is the best since March and second-best level since June 2005.

The rest of the session should hold unless more Senators voice public concern with their tax bill or say for now they are a “no.”

 


Comments
Good thoughts and numbers

John Ramsey on 11/16/2017 3:43:32 PM
 

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