Real-Estate Advisory
Managed-Direct Ownership
The Stock-Market Bull Rallies Past One Obstacle After Another
The story of Juan José Padilla must be legend within the Spanish bullfighting community. Blinded by a bull in one eye in late 2011 after badly losing his footing in a bullring, the matador made a stunning comeback to the arena about six months later, much to the utter shock of fans. Similarly, Wall Street investors find themselves facing off with a bull of their own, one that is in its ninth year and, despite being beset by a cavalcade of concerns, appears on the verge of resuming the second-longest run since WWII. That is perhaps much to the consternation of bears and the confusion of nervous optimist alike.
DATA DECK FOR Jul 23 - Jul 27
Jul 23 Existing Home Sales Jun NA 5.43M
Jul 24 FHFA Housing Price Index May NA 0.1%
Jul 25 MBA Mortgage Applications Index 07/21 NA NA
Jul 25 New Home Sales Jun NA 689K
Jul 25 Crude Inventories 07/21 NA NA
Jul 26 Adv. International Trade in Goods Jun NA -$64.8B
Jul 26 Durable Goods –ex transportation Jun NA -0.3%
Jul 26 Durable Orders Jun NA -0.6%
Jul 26 Initial Claims 07/21 NA NA
Jul 26 Continuing Claims 07/14 NA NA
Jul 26 Natural Gas Inventories 07/21 NA NA
Jul 27 GDP-Adv. Q2 NA 2.0%
Jul 27 GDP Deflator Q2 NA 2.2%
Jul 27 Michigan Sentiment - Final Jul NA NA