New low for building permits.
https://x.com/EPBResearch/status/1803769067272020209
US MAY HOUSING STARTS -5.5% TO 1.277M; CONSENSUS +1.5%
BUILDING PERMITS -3.8% TO 1.386M RATE IN MAY
JOBLESS CLAIMS 238K VS 235K EST
....this looks like recessionary signals, the softening has begun more earnestly.
Gold picking up a bit.
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