New Home Sales slowed by 9.4% last month. Considering the rampant rate with which homes are being built, that number is sure to rise again next month.
President Trump’s threat to shut down the U.S. Government, if necessary, to build a wall along the border with Mexico is putting a damper on Stocks this morning. It doesn’t help that the President is also threatening to scrap NAFTA.
On the other side of the political spectrum, the Jackson Hole Fed Symposium kicks off on Friday with speeches from Janet Yellen and Mario Draghi.