Indeed, production and sales in two important areas, housing and autos have been slowing for the past six months. New home sales reported last week have dropped to the lowest level in 2 years.
Source: Tradingeconomics.com-U.S. Census.
They also posted the first negative change or decline below the 2-year moving average since 2011.
Source: PensionPartners
About the Author: Steve Smith
Steve has more than 30 years of investment experience with an expertise in options trading. He’s written for TheStreet.com, Minyanville and currently for Option Sensei. Learn more about Steve’s background, along with links to his most recent articles. More...
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