CHART OF THE DAY: Housing Starts & The May-laise

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye U.S. Macro analyst Christian Drake. Click here to learn more.

"... I’m going to give you a TTM slope and you tell me what macro series it belongs to:

1. Slope = 0.00
2. Slope = -0.00
3. Slope = 0.02
4. Last 4 Months Change: +0.0, +0.0, +0.0, +0.0

 

Answers:

1. Housing Starts
2. Pending Home Sales
3. New Home Sales
4. Builder Confidence"