December 26, 2017
Housing is the star of the fourth quarter and Case-Shiller data confirm an upswing for home prices. The factory sector is also on the upswing with both the Richmond and especially the Dallas Fed showing impressive strength.
Oil shot higher in the session to a 2-1/2 year high, up $1-1/2 and near $60 in reaction to supply interruptions in the North Sea and Libya. Stocks were flat with the Dow posting a fractional loss to 24,746.