10/11/2022 Bad News is Good News-Good News is Bad News AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 10/11/2022 Towne Wealth Management BLOG:
Bad News is Good News-Good News is Bad News
‘Construction Spending’ in August in the U.S. fell by the most in 1-1/2 years, reports Reuters 10/3/2022. Sharp single-family homebuilding reductions with surging mortgage rates are credited with the 'Construction Spending' pullback. Further, 'Construction Spending,' according to The Commerce Department 10/3/2022, dropped 0.7% in August. This was the biggest decline since February 2021, after a 0.6% reduction reading in July. So…do we have more information to stay interest rate increases???
On the other hand ….
Recent pullbacks in the market suggest that…the Fed is going to continue their March toward higher interest rates…
…leaving investors with this question…
How much of this data is already in the market price???
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.