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KG on Frozen Housing Market, Tech Weighing Down SPX & Crude Oil's Reversal

Dela

A significant drop in September pending home sales supports the narrative that the housing market remains frozen, according to Kevin Green. He weighs if the industry is reaching a bottom as sentiment sours. KG offers a wider market pulse by examining a tentatively strong rebound day, if not for tech's weakness. A reversal in crude oil's rally offers some reprieve for equity investors. Keep an eye out for earnings as well, says KG, as SpaceX (SPCX) and Netflix (NFLX) ready to report after Tuesday's close.


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