A key metric that many investors use to measure the size of a company is market capitalization, which represents the…
In spite of the most recent bad macroeconomic news coming out of Europe and Italy (to say nothing of the sequester here in the U.S.), we continue to see reasons for optimism in the U.S. economy. This week’s chart of the week unveils the latest home prices and consumer confidence increases reported earlier this week. In looking at the S&P/Case-Shiller index, the leading measure of U.S. housing prices, we see that prices were up 0.9% in December and 6.8% for the year compared to analyst expectations of 6.6%. In addition, January new home purchases skyrocketed by 15.6% from December’s reading. Collectively, the recent increases in the Case-Shiller Index, new home purchases, and consumer confidence are indicative of signs of life in the U.S. economy and may suggest further appreciation in the housing market.
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
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