Afternoon Note
Debt Deal Near
By Charles Payne, CEO & Principal Analyst
5/17/2023 1:00 PM
The market is getting a lift on hopes the debt ceiling deal is near.
|
|
Economic Data
This morning housing data came in mostly in line with consensus.
- Starts climbed 2.2% to annual rate of 1.4 million
- Permits declined 1.5% to annual rate of 1.42 million
The best part of the report is on single family starts and permits.
Permits are supposed to be a proxy for future demand. So, it stands to reason it was down but nowhere near the level of pessimism seen in a recent Gallup survey on the best time to buy a house.
| Tweet |
Log In To Add Your Comment
PREVIOUS COMMENTARY
| 10/30/2025 1:35 PM | More Big Tech Ahead |
| 10/30/2025 10:17 AM | THE COOLER |
| 10/29/2025 1:55 PM | All Attention to Big Tech |
| 10/29/2025 9:38 AM | UGLY WIN |
| 10/28/2025 1:50 PM | Optimism Outweighs Softness |
| 10/28/2025 9:33 AM | ALL ABOUT Al (STILL) |
| 10/27/2025 1:17 PM | Excitement Grows |
| 10/27/2025 9:51 AM | REVVING UP THE ENGINE |
| 10/24/2025 1:36 PM | Soft CPI Powers The Market |
| 10/24/2025 9:41 AM | NICE & STEADY |
| 10/23/2025 1:32 PM | Thursday Rebound |
| 10/23/2025 9:33 AM | SQUEAKY WHEEL |
| 10/22/2025 1:32 PM | Tesla On Deck |
| 10/22/2025 9:35 AM | SPINNING WHEELS |
| 10/21/2025 1:35 PM | Dinosaurs Rumble |
| 10/21/2025 9:41 AM | STEALTH PROFIT-TAKING & ROTATION |
| 10/20/2025 1:28 PM | Monday Strength |
| 10/20/2025 9:40 AM | CONSOLIDATING GAINS & ANXIETY |
| 10/17/2025 1:43 PM | Friday Zig Zag |
| 10/17/2025 9:51 AM | They Warned Us About Everything Else |
| 10/16/2025 1:33 PM | Another Intraday Reversal |
| 10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
| 10/15/2025 1:23 PM | Intraday Weakness |
| 10/15/2025 9:53 AM | STRONG “DOWN” DAY |
| 10/14/2025 1:27 PM | Intraday Recovery |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|
×
![]()