• At 8:30 AM ET, The Producer Price Index for October from the BLS. The consensus is a 0.2% increase in PPI, and a 0.2% increase in core PPI.
• At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for November).
A few comments via Bloomberg from homebuilder D.R.Horton: (HT Brian)
Rising home prices, combined with the jump in interest rates over the past year, are weighing on demand in the U.S., especially for more expensive properties. On a call with analysts, Chief Executive Officer David Auld side the market has been “choppy” in the past four or five weeks. A “little momentum is slipping from the market,” he said.