Weekly Market Pulse: Tune Out The Noise

2025-02-24 06:31:00 ET

Summary

• Housing starts, housing permits and existing home sales all fell in January.
• We have been anticipating a ramp up in goods production since last year because the inventory overhang from COVID has been worked off.
• The Empire State manufacturing survey was back in positive territory, where it’s been for 5 of the last 7 months.
• The dollar was unchanged last week and remains near the high end of the range that has persisted for the last 2+ years.

Okay, I confess. It was my fault. I decided to take a couple of days off. I took my eye off the ball and the stock market fell a quick 2% while I was relaxing, eating too much and seeing some great art in the Holy City, Charleston, SC. I promise it won’t happen again, at least until my wife tells me where we’re going next....

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