Positives:
1. S&P 500 made a new all-time high.
2. Existing homes sales increased to 2.4%, the biggest increase in almost a year.
3. Housing starts exploded 15.7% m/o/m, the fastest pace in 8 months.
4. Jobless claims fell to 298k vs the 303k expected and down from 311k last week.
5. Philly Fed index jumped to 28 from 23.9, the highest reading since March 2011.
6. CPI rose 0.1% m/o/m and 2% y/o/y.
7. Housing permits for new construction climbed 8.1%; Permits for single-family homes climbed…
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