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.
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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.
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| 5/9/2025 1:15 PM | Friday Fluctuations |
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| 5/6/2025 1:20 PM | Anxiety Continues |
| 5/6/2025 9:45 AM | ANXIETY RETURNS |
| 5/5/2025 1:18 PM | Market Consolidating |
| 5/5/2025 9:41 AM | MID-CAP MUSCLE |
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| 5/2/2025 9:57 AM | BACK TO THE STARTING LINE |
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| 4/30/2025 9:52 AM | BIG HITTERS ON DECK |
| 4/29/2025 1:49 PM | Fluctuating |
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| 4/24/2025 1:12 PM | Solid Session |
| 4/24/2025 9:35 AM | VIOLENT SWINGS AND THE RECOVERY |
| 4/23/2025 1:45 PM | Fears Ease |
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