by ogordained

AMERICA

The steep drop in homebuilders share prices suggests disappointing housing data is going to continue
- Homebuyer sentiment points to lower sales as the price of lumber falls
An NFIB survey indicates US labor force participation should continue to improve moving forward
US goods exported to China have plummeted

OTHER

The S&P 500 futures hit the lowest level since July in after-hours trading.
Investors are worried that higher interest rates will be a drag on loan growth
- A worry that has caused bank shares to drop, regional bank shares have been hit particularly hard
- Regional bank shares are now the cheapest they’ve been in decades compared to the S&P 500
Amazon led the way in a tech share bounce back
Energy shares remain underperformers as an oil rally stalls m
Cannabis stocks have been down for 5 straight days
- I’ve been working on a deep dive into the cannabis market that I will post tonight or tomorrow – DM to stay tuned
Iron ore prices continue their ascent upwards