THE BASIS POINT

Existing Home Sales Weak.

 

Chicago Federal Reserve National Activity Index (November 2014)

– Index level 0.73. Previous was 0.31
– 3 Month Moving Average 0.48. Previous was -0.01.

 
Existing Home Sales (November 2014)

– Existing Home Sales (seasonally adjusted, annualized) 4,930,000. Previous was 5,520,000.

Housing is weak.

 

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