Data Round-Up: Big Upside Surprises in Existing Homes Sales, Wholesale Inventories

posted by Michael Lewis on March 23, 2019 - 10:56am

This morning’s very upbeat February Existing Home Sales report. Also this morning, wholesale book-value inventories jumped +1.2% in January; the consensus had expected only a modest gain. However, international data was more worrisome with Germany’s Markit PMI falling further into the red, down -3 points to 44 in March (50 is break-even).

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