https://twitter.com/OccupyWisdom/status/1024871289415188481
Chart: US auto sales continue to slow – pic.twitter.com/TRT0RwVFIl
— (((The Daily Shot))) (@SoberLook) August 2, 2018
Housing demand sees biggest drop in more than 2 years
Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016.
The number of people requesting home tours fell 6.1 percent annually in June.
While supply declined overall, Redfin noted a large increase in listings in some of the most supply-starved markets, which is where home prices have overheated most.
Chart: The market-based probability of a Fed rate hike this September – pic.twitter.com/k4BgIFbhNy
— (((The Daily Shot))) (@SoberLook) August 2, 2018
https://twitter.com/OccupyWisdom/status/1024810853303037960
The gap that has opened up between consumer confidence for the present and future is so classically late-cycle. As in, no more pent-up demand. Consider this a near-2 SD event. Take out the umbrella! pic.twitter.com/DWXkGw5bK6
— David Rosenberg (@EconguyRosie) August 1, 2018