WHAT MOVES THE MARKET IN THE SHORT TERM?
WHAT MOVES THE MARKET IN THE SHORT TERM? RELATIVE IMPORTANCE OF ECONOMIC DATA CHANGES WITH TIME _____________________________________________________________ As the world changes with time, so does the significance of the various eco nomic releases. Between 2004 and 2007 alone, different economic indica tors have appeared on our top indicators list. For example, in 2004 no one really gave a second thought to housing market numbers, because the real estate market was booming and everyone expected this boom to continue forever. By 2007, however, the housing market bubble had burst and its problems had spread throughout the U.S. and global economies. Not only were house prices falling and inventory rising, but more and more home owners were pushed into defaulting on their mortgages. This made the health of the housing market critical to the outlook for the U.S. economy. Everyone realized that for the U.S. economy to recover, the housing mar ket would need to sta