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Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash

Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash

Despite the unexpected plunge in existing home sales, analysts expected new home sales in February to rebound modestly from January’s drop but they were wrong (again) as new home sales fell 2.0% (+1.1% exp) and worse still January’s 4.5% drop was revised drastically worse to a 8.4% plunge.

Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash Read More »

Newsfeed: Elon Musk Recommends Investing In ‘Physical Things’ – Here Are 3 Physical Assets That Perform Well During High Inflation

Newsfeed: Elon Musk Recommends Investing In ‘Physical Things’ – Here Are 3 Physical Assets That Perform Well During High Inflation

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a Twitter thread on Monday advising followers to own “physical things” when inflation is high. In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.

Newsfeed: Elon Musk Recommends Investing In ‘Physical Things’ – Here Are 3 Physical Assets That Perform Well During High Inflation Read More »

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