It appears 'great' housing data is bad news for stocks. In what can only be seen as the rate-hikes-are-coming trade, as soon as the starts and permits data hit, the USDollar rally accelerated, bond yields spiked, and stocks tumbled... why oh why can't we get some more poor data...
[3]
EURUSD retumbled... (USD index is now up 2.25% since Friday's close)
[4]
Charts: Bloomberg
