Ceasefire
Services PMI was 52, same as last month, while Manufacturing PMI was 53.1 vs. prev. 53.7. Exports are falling.
Existing Home Sales were 4.03MM vs. exp. 3.94MM. Inventories are up, though, which isn't a great sign.
A seemingly symbolic attack by Iran against a US base has the market thinking the door is open for de-escalation. Qatar and the US brokered a ceasefire deal between Israel and Iran that started last night, though there were last minute attacks from both sides. Technically, no peace deal has been made, just a cessation of hostilities. For how long will it last? There are already claims both sides have violated it, something Trump also said.
Oil fell another 3% on the news. Stocks, and to a lesser extent bonds, are up more, this morning.
Japan came back to the table on trade talks.
KB Home (KBH) lowered guidance but is hardly falling. Could homebuilders be done crashing?
Consumer Confidence, today.