Stock indexes lower today, the bond and mortgage markets generally unchanged on the session. Oct housing starts and permits were much stronger than expected this morning (+12% and +5.5% respectively).
Ever since the invention of money, clever miscreants have been figuring out ways to separate innocent people from theirs. With the advent of the Internet, the number of diabolical schemes seems to pop up almost daily.
October New Housing Starts were stronger than expected 1.29M vs est of 1.19M and September was revised upward. Single Family Housing jumped 5.3% to 877K units.
October CPI, expected +0.1% was as expected, the core (ex-food and energy) +0.2% as expected.