“The [housing] data must be considered confirmation of a clear slowing in the housing sector ... and is then solidly bond friendly and dollar negative.”
Alan Ruskin
“The decline helps affirm cooling in the housing sector and is consistent with other broad-based data we have seen.”
Christopher Low
“The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector.”
David Lereah
“The one major data point we have yet to see from the retail sector is M&S,”
Nick Bubb
“While this is a second-tier economic number, this just shows how robust the housing sector is and that it is strengthening from already strong levels. Bonds have sold off in response to this, as well as the very strong stock opening.”
Corey Redfield
“The unexpectedly strong increase of the ISM service sector index, hawkish comments from Poole and expectations of strong employment data this Friday led to renewed rate rise expectations.”
Carsten Fritsch
“The housing sector is finally showing that it isn't resilient to everything.”
Tim Rogers
