Homepage / Investment / Home sales data could present a warning sign to the Fed
Coin Price Forecast How Accurate Are Their Predictions? Most readily useful spots in order to satisfy Girls In Santiago de Compostela & Dating Guide – WorldDatingGuides Explore some great benefits of bisexual dating Take the initial step towards a fresh adventure Проверенные клубы с безопасным кешаутом — способы старта гейминг в интернете what exactly is swinging? helpful tips to the swinger lifestyle Acheter Viagra, Cialis, Levitra Sans Ordonnance Pharmacie en France 24 7 Download GeForce Experience 100 individual top-level winners for Galileo as Content lands the Yorkshire Oaks Gay Cluj-Napoca, Romania | The Essential LGBT Travel Guide! Игры с реальным выводом денег в гемблинг-ресурсе joycasino Pin Up Hoþ Geldin, Kazanmaya Baþlayýn! Bilinensanal kumarhane 7 slots için gerçek parayla oynamak Assento GOL+ Conforto GOL Linhas AéreasAssento GOL + Conforto Kasyno online i kasyna naziemne w Polsce informator prawny dla graczy BetOnRed Casino PL Oficjalna strona Bet on Red kasyno Лучшие казино kent casino для онлайн-игр Mostbet Casino Online em PT 2024 ️ Bónus & Revisão Unlim Casino Официальный сайт, Рабочее зеркало hello world hello world Best Dating Apps for Pregnant mothers (2022) – as well as Accepting – Victoria Milan Oyna video oyunları çevrimiçi açık orjinal portal kulüp Karavan bet Big Bass Splash How to find an interracial christian soulmate Бонусные фриспины в слотах и бонусные фриспины казино казино 7к Top International Betting Sites Of 2024 Take step one towards love with mature mom latinas หวยดีใจ: การเสี่ยงโชคที่มาพร้อมความสุขและโอกาสรวย Happy Larry’s Lobstermania Slot machine game Каталог игровых автоматов на сайте 7 казино – что расскажет? 888 Sport Review How Does The Bookmaker Rank? 2024 Best Android Betting Apps in 2024 Top Picks for Mobile Betting Babu88 Ultimate Babu88 Gaming and Betting Experience Ne demek kasino basaribet güncel giriş hemen para çekme sanal? ทางเข้า BJ88: สุดยอดประสบการณ์การเดิมพันออนไลน์ที่คุณไม่ควรพลาด hello world The Power of Name Numerology: Introducing the Keys Behind Your Name The Art of Tarot Card Pull The Ultimate Overview to Free Tarot Card Card Draws Free Tarot Card Readings Online: A Comprehensive Guide Numerology Call Calculator with Day of Birth: Unveiling the Keys of Your Fate Unlocking the Mysteries of 7 Card Tarot Reading Free Lotus Determine Numerology: A Comprehensive Overview Name Numerology Calculator by Date of Birth Birthday Celebration Numerology Calculator: Unlocking the Tricks of Your Birthdate Tarot Card Free Reading: A Comprehensive Overview Determine Numerology: A Comprehensive Overview Opening the Power of Online Free Tarot Reading Discover the Power of Lotus Free Tarot Readings The Power of Numerology Calculator in Unveiling Your Fate Understanding Psychic Reading The Power of Tarot Analysis Online Free Unlocking the Mysteries: The Power of Online Tarot Card Card Reading Call Numerology Calculator: Uncover the Power of Numbers in Your Call Vedic Numerology Calculator: Revealing the Secrets of Your Destiny Tarot Readings Online: A Comprehensive Guide Tarot Free Reading: A Comprehensive Overview Opening the Tricks of Numerology with a Numerology Calculator Numerology Calculator Free: Opening the Tricks of Numbers The Ultimate Overview to Tarot Card Pull Tarot Card Pull Online: An Ultimate Overview Discovering the World of Lotus Online Tarot Card Opening the Mysteries of Psychic Reading Free The Power of One Card Tarot Readings Choose a Tarot Card: A Comprehensive Overview Date of Birth Numerology and Future Predictions Discover the Power of Lotus Free Tarot Card Readings The Fascinating World of Tarot Cards Pin Up: tecnología y accesibilidad para todos los jugadores Pin UP Casino Online ⭐️ Juega Ahora en el Mejor Casino Pin-Up Casino App Download Apk for Android & iOS Free Архивы PinUp Azerbaijan NBA Xəbərləri Ən son İdarə edilən, Ətraflı və Tez İcmalatlar test Página 20 Imágenes de Globo Concurso Descarga gratuita en Freepik Better Commission Casinos on the internet For us People Inside 2024 Google Search most bet Kazancýnýza Hemen Baþlayýn! Ready to begin your search? some tips about what to do next France Asexual Dating for Spirit-Based Relationships Ex-Husband’s Girl Causing Troubles (17 Things Can Do!) – AskApril Pin UP Online Casino abe bet Ýlk Adýmda Þansýnýzý Yakalayýn!

Бесплатная игра в игровом портале вулкан

Enjoy a life of luxury with a particular someone Join the exciting world of asian ladyboy dating now Most Useful Granny Dating Sites To Satisfy Gilfs In The United States 2023 The Benefits of Tarot Card Card Readings Online The Magic of Free Tarot Card Readings Opening the Mysteries of Lotus Online Tarot Opening the Mysteries of Psychic Card Reading Unlocking the Mysteries of Tarot Card Online Reading Numerology Calculator Free: Opening the Secrets of Your Life Path The Ultimate Overview to Tarot Card Reading The Art of Free Online Tarot Card Reading Exploring the Globe of Psychic Card Checking Out The Ultimate Guide to Tarot Pull Online The Ultimate Guide to Free Tarot Card Pull The Ultimate Guide to Tarot Card Pull California Psychics: Your Overview to Psychic Analyses

Investment

Home sales data could present a warning sign to the Fed

As U.S. stocks closed lower Tuesday and crude oil fell to a nine-month low on global supply concerns, Boris Schlossberg, BK Asset Management’s managing director of foreign exchange strategy, discussed three items he is watching for in the market on Wednesday.

1. Existing home sales

Shortly after the opening bell on Wednesday, the National Association of Realtors is set to publish its existing home sales figure for the month of May.

“Since the beginning of the year, existing homes have been in a seesaw battle; up one month, down the next,” Schlossberg said Tuesday on CNBC’s “Trading Nation.”

Last month’s report disappointed estimates; a second straight month of disappointing data would paint a more negative picture of the U.S. consumer, Schlossberg said.

Furthermore, a number that misses estimates may even make the Federal Reserve hesitate about raising its federal funds target rate again this year, he added.

“A second consecutive month of declines could be troubling for GDP growth in [the second half] of 2017 and could be a warning sign to the Fed to ease up on tightening.”

Economists anticipate existing home sales to decline month-over-month.

2. CarMax

Used-car retailer CarMax reports quarterly earnings shortly after the opening bell on Wednesday, and Schlossberg will be watching for the results from the used vehicle retailer, as they could be a “bellwether to the U.S. consumer.”

“CarMax has done well because of its strong competitive position and its strong management, but it could be running into a wall of stagnation as far as car buying goes. If earnings tomorrow disappoint, it could be a key tell sign about the weakness of the U.S. consumer,” he said Thursday.

Analysts expect CarMax to post earnings of 98 cents per share, according to FactSet estimates. The $59 stock carries an average analyst price target of $66.19.

3. Crude oil

Crude oil fell more than 2 percent on Tuesday to nine-month lows, settling below $44 per barrel. The commodity that’s already fallen over 19 percent year to date is in a “panic mode,” Schlossberg said.

He will be watching for the Energy Information Administration’s inventory reported Wednesday after the opening bell.

“If they show a big build, we could see oil head all the way down to $40 per barrel, and that could be a very bad sign for all the oil speculators out there,” he said.

TradingAnalysis.com founder Todd Gordon on Tuesday said on CNBC’s “Trading Nation” that he planned to make a bet against the popular XLE energy exchange-traded fund, as he sees crude oil heading lower.

Source: Investment Cnbc
Home sales data could present a warning sign to the Fed

Comments are closed.