Real-Estate Advisory
Managed-Direct Ownership
Trump won’t get in the way of S&P 500 hitting 5,000
The North Korea summit, a Federal Reserve rate call and possible QE unwinding news from the ECB are all jammed into the next five days. That’s after a whirlwind weekend of President Trump pretty much annoying every other G-7 leader, with no signs of a slowdown in the barbs as he readies for his meeting with Kim Jong Un. While the market seems ready to shake off geopolitical spats for now, the Fed is looming large. A rate hike is roundly expected, so it’s signs of more aggressive moves that could derail stocks bigly.
DATA DECK FOR Jun 18 - Jun 22
Jun 18 NAHB Housing Market Index Jun NA 70
Jun 19 Housing Starts May NA 1287K
Jun 19 Building Permits May NA 1352K
Jun 20 MBA Mortgage Index 06/16 NA NA
Jun 20 Current Account Balance Q1 NA -$128.2B
Jun 20 Existing Home Sales May NA 5.46M
Jun 20 Crude Inventories 06/16 NA NA
Jun 21 Initial Claims 06/16 NA NA
Jun 21 Continuing Claims 06/09 NA NA
Jun 21 Philadelphia Fed Jun NA 34.4
Jun 21 FHFA Housing Price Index Apr NA 0.1%
Jun 21 Leading Indicators May NA 0.4%
Jun 21 Natural Gas Inventories 06/16 NA NA