Bonds: Treasury prices rallied, lowering the yield on the 10-year note to 3.62% from 3.70% Monday. Treasury prices and yields move in opposite directions.
Economy: Pending home sales rose 5.3% in March after climbing 8.3% in February. A consensus of economists surveyed by Briefing.com expected sales to increase 5%.
Factory orders were 1.3% higher in April after rising 1.3% in March, the Commerce Department said. Economists thought orders would fall 0.2%.
(good, right ? why market going down? since it’s willing to go down. the market is overpriced, but economic is going up.)
when bosha is started, at that time, market is overpriced.
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