Posted by Lorimer Wilson
The reasons keep piling up to turn bearish and pile into safer investments. Here are 5 reasons showing that investors need to be on the watch for…tsunami type waves ahead.
Homes Sales Drop 3.5% in July – This marks the weakest sales (4.67 million) figure in 14 years, even beating last year’s disappointing mark of 4.91 million. This is despite the average rate of a 30-year fixed mortgage coming in at its lowest level on record (4.15) this week. This is data to fight the ever increasing hope that home owners have of increasing the value of their homes.
Jobless Claims Rise 9,000 – Last week investors were looking for jobless claims to be below 400,000; they got it. This week, not the same story as jobless claims went back up 9,000 to 408,000. This has prompted new conversation that the employment rate is not going to improve further. This news comes a few days after the United States Post Office informed that it hopes to cut 220,000 jobs.
(To read the remaining 3 reasons please continue to read the article on our associate site here.)
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