Housing Starts and CPI: Activate the Dancefloor

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Some data headed in the right direction this morning for the bulls…

NEW YORK (Reuters) – Consumer prices outside food and energy rose less than expected in September to post their smallest gain in six months, a government report showed on Wednesday, suggesting inflation pressures remained contained.

Housing starts surged in September at their fastest annual pace in 17 months on a big increase in groundbreaking for multi-family units, while permits for future construction fell, a government report showed on Wednesday.

Unfortunately, last night Apple reported it’s first lukewarm quarter in like forever, we’ll see if the markets can overcome that (a tall order in techland for sure).

 

 

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