Originally Posted by
TheManager
Cutting through the 50 day, again.
Well below the resistance level of 41-sinking below 38.
? is will it be down on higher volume at the close.
Not looking healthy.
I observed a soft wholesale market in housing 30 days ago, but a cyclical downturn always happens when the kiddos return to school and families stop moving around. Given that today's market is driven by August housing numbers there is no "news" for anyone who has been around for a few seasons.
The bond market is probably unsustainable, but that is nothing new.