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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
Today's December NAHB reading of 31 (vs an uptick to 34 expected, from 33 prior) was a fresh decade low outside of the brief pandemic-related collapse in 2020.
- We continue to flag that homebuilder sentiment tends to lead a variety of indicators well in advance. That includes building permits, construction, and the unemployment rate (see chart).
- The current sentiment level is more consistent with an unemployment rate jump to 6-7% than with the current prevailing levels below 4%.
- Tuesday brings Building Permits and Housing Starts data for November. Each look set to record a further M/M % decline.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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