Survival Network News Today

New home sales and lumber prices both down, is housing cooling off? Home price were rising at the fastest rate ever. Housing is beyond the means of most Americans. New home sales down 6%. Inventory is spiking and lumber is tanking, wiping out all its 2021 gains. How big a deal is the end of the eviction moratorium? Extended emergency unemployment insurance is ending in September. Perhaps it will send a lot of people back to work. Anti-vax protests worldwide while US considers a new mask mandate...

1. Markets are pausing today, but have recovered from the Monday sell-off. Every trader should be in extreme caution mode. The Russell 2000 has been very weak. It was about to break down and then came back like Lazarus. 2. More money rotation today. We continue in a hot potato market. This means that money keeps going from one area to another area. From energy to tech to leisure. On any given day one industry is hot and another is down. Things may look good on the surface, but when you take a p...