Well, we are back. And not in any conditions – actually we are back with our investment blogging in the middle of an apparent market recovery.
Futures for the DJIA, the Nasadaq and the Standard and Poor’s 500 have risen today 0.5 to 1%. This indicates that further increases on the US stocks are expected.
Is this optimism justified? Why not? At 7:00 a.m. EDT, the Mortgage Bankers Association is scheduled to release Weekly Mortgage Market Index for the week ended Aug 21, versus the prior week. The mortgage market index read 527.0 and the refinancing index was 1,982.5 in the previous week.
The Commerce Department releases at 8:30 a.m. July durable goods orders. Economists in a Reuters survey expect a rise of 3.0 percent in July versus a 2.2 percent decline in June.
Investors also await new home sales data for July, due at 10:00 a.m. Economists in a Reuters survey forecast a total of 390,000 annualized units compared with 384,000 in June, which is a sustainable recovery of the housing market.
Interestingly enough news. We’ll wait and see…