Housing starts are expected to total 1.078 million units (seasonally adjusted annual rate) in tomorrow’s update for June, according to The Capital Spectator’s average point forecast for several econometric estimates. The projection represents a moderate increase in residential construction activity vs. the previous month.
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In theory, small-cap and value stocks offer solid premiums over their large-cap and growth counterparts. In the short term, however, turning theory into real-world profits can get messy.
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● US industrial output rises in June but mfg. is unchanged…
● Fed Chair Yellen sees rate rise this year…
● NY Fed index shows modest pick-up in July manufacturing activity…
● Mortgage applications in US slide 1.9% for week through July 10…
● Greece reluctantly enacts austerity measures to receive bailout money.