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US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows

US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows After an ugly Spring selling season, existing home sales have rebounded in Q2 (so far) with expectations for another 1.0% MoM increase in June. However, that was not to be with US existing home sales tumbling 2.4% MoM in June (although May was revised up to a +3.7% MoM gain from +3.2%). That slowed the annual improvement in sales to +2.75% YoY... Overall, existing home sales SAAR remains just off record lows... “The back-and-forth in monthly home sales activity, driven by...
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Aug 12, 2026 / Tyler Durden
US Attorney Makes Rare Move By Convening Special Grand Jury in Washington
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Rights Groups: Israeli Deliberate Killing of Journalist Likely a War Crime
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Jun 3, 2026 / Tyler Durden
Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO
Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO Two weeks ago, when the SpaceX IPO prospectus landed, we observed, that "Goldman is lead left; and pretty much every other bank is on the cover." Goldman is lead left; and pretty much every other bank is on the cover. They need that to sell it to retail https://t.co/9JogVIxo1i pic.twitter.com/nSnvx6tWqs — zerohedge (@zerohedge) May 20, 2026 Yet one bank was missing: middle-market specialist (with a penchant for junk bonds and lack of due diligence on private credit deals), Jefferies. Whether it was shunned...
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