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Housing Warns a Top is Forming

Every recession since 1960 has been preceded by a y/y double digit decline in housing. The charts in the housing group warn trouble is brewing.
The Dow Jones Industrial Average rebounded to 13,306.57 then consolidated staying above its 50-day and 200-day simple moving average at 13,137.50 and 13,000.99. The Nasdaq rallied from 3003.82
The University of Michigan Consumer Sentiment Survey came in slightly stronger than expected at 75.3. New Home Sales declined 0.9% to an annual rate of 321,000 in January. The price of a new home
The latest, shining earnings at MasterCard may represent a trend within the financial sector. While major banks have struggled with immense volatility, falling earnings and the looming economic