Editor's Note: Below is a brief excerpt from today's Early Look written by U.S. Macro analyst Christian Drake. Click here to learn more about the Early Look.
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If you’re not a visual-phile, the summary is this:
... In essence, it’s not more complicated than that … and the procession of dynamics above is why you’ve seen housing outperform over the last 1-2 months in the face of some of the worst fundamental data of the cycle. |
