The U.S. stock market continues to be near its maximum levels. Statistics on the housing market, published yesterday, cheered investors. Thus, sales of new homes in the U.S. rose to 468 thousand against an expected 406 thousand. We should note that this figure was the bes one since July 2008. Experts connect this growth to the postponed demand, which emerged during bad weather conditions in the United States.
It should be noted that housing construction is a key sector of the U.S. economy and is improving despite the rise in mortgage rates. It indicates the solvency restoration of the population.
To continue the upward movement the S&P 500 will need to fix above 1850.
Wish you the profits!
FXFINPRO Capital Analytical department.