 | AUTHOR: Kerry Hilsabeck, CFP® TITLE: Investment Adviser Rep TAGS: Jobs, Durable Goods, Housing, Yield Curve, Money Supply, S&P 500 |
We switched things up this week and got in the weeds with Market Thoughts. Now let’s take a bird’s eye view of this week’s Leading Indicators, specifically Housing and the S&P 500: New Home Sales continue to show a change in the buyer’s market as transactions increased 12.2% (May) with low inventory negatively impacting existing home sales; the S&P 500 closed the 1st half of 2023 higher at 4,450.38 (up 102.05 points for the week and up 15.91% YTD). The 2nd half’s overall productivity and earnings figures will be closely watched as we kick off the 3rd Quarter. The CBOE Volatility Index (VIX) remained unchanged at 13.3.
Be sure to check out more of last week’s leading indicators here and if you missed Market thoughts check out this link.
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