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Monday, December 26, 2022

Mixed Macro Data and The Dollar

There were a number of economic reports this week: Personal Income: +0.36% month over month (m/m), prior +0.68% m/m. Still positive, but slowing. Durable Goods: new orders -2.13% m/m, prior +0.735 m/m; topping out. Bearish Median New Home Sales: +7.57 m/m, prior +3.14% m/m. New all time high. Personal Income: +1.3% quarter over quarter (q/q), …

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