Existing housing sales expectations were for a slowing to a 5.7 mil unit pace; actual number came in just above this at a 5.75 mil unit pace.
Slightly better than expected, but no real surprise either way. Bears were hoping for either a really bad number, or alternatively, a really good one that would upset the rate cut expectations.
So pretty much status quo. spi off session low of 6164 back to 6176. I'm fully weighted long again.
-Mark
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