Housing starts are declining
US housing starts total 1.215M in March vs. 1.25M starts expected
"Single-family starts in the Midwest declined 35 percent, the largest drop since January 2014, to their lowest level since August 2015."
The irony is that, at the same time, emerging markets are experiencing a "boomlet" (not a full-on boom since countries like Brazil continue to have political instability that affects their markets).
Emerging Markets Are Bouncing Back From a Six-Year Slowdown
The Mexican peso, which plummeted immediately after Trump's election, is now back up to its full value.
China has surpassed its growth expectations, mainly due to a surge in orders in shipping containers, in their domestic markets as the Chinese now have the largest shipping/port industry in cities like Shanghai.
It will be interesting if other BRIC countries begin to see their markets rise again. Whoa be unto the U.S. if/when Russia begins to emerge from recession- they will be flexing big time!