Tuesday, May 24, 2016
Some stuff for your Tuesday morning:
New Deal Demoncrat - weekly indicators. Real estate purchase applications, real estate loans, M1 & M2, and sorta tax withholding all look good. Pay attention to upcoming housing news for more on real estate, which if you'll recall is basically the entire US business cycle.
Econbrowser - duelling nowcasts. And as it turns out, Fed nowcasts are also kinda worthless, or at least so damn noisy that they're worse than worthless.
Tim Duy the Finance Guy - June meeting is significant. He feels that Fed comments suggest a rate hike is definitely on the table. Pay attention to housing, I'd say.
Much more later, the news is getting interesting.