Market Rallies! (Obviously Hasn't Seen Housing Numbers)

With Japan up 6% and Hong Kong up 14%, it’s not surprising that the DOW is up a bit this morning. Those expecting the rally to continue should probably look at:

  • August’s hideous housing numbers
  • Consumer confidence, which came in at an astoundingly low 38% (vs. 61% last month and a 52% guesstimate).

See Also: August Housing Numbers Not Cause For Celebration

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In