TraderWise

Housing and auto sales, the 2 cyclical industries that most directly affect the U.S. economy and are the largest consumption decisions in day to day life, have rebounded off the worst levels of 2008 and early 2009 when most Americans were in a cocooned like state.  Yet despite record mortgage rates and affordability in housing, and the return of cheap financing & rebates in the auto market we are not seeing much in terms of momentum.  Yet another sign of the 'square root recovery'.