Stocks took a dive early and remained lower at midday following mixed earnings and an interest-rate increase in China.
Housing starts in the United States increased 0.3% in September to a seasonally adjusted annual rate of 610,000, countering economists' expectations of a 4.2% decline. Single-family housing starts also rose by 4.4%. The South and Northeast saw a rise in housing starts, but the Midwest and West saw a decline. Building permits also dropped by 5.6%, compared with an expected 1.2% increase.
data is ok. but the market break down. I sold almost 40% of my share today, since the fact is not matching my expectation. Maybe I was wrong on somewhere.
today is almost a turning point. need tomorrow to confirm.
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