An Obscure Real Estate Indicator Is Looking Like A 'Huge Tailwind' For The Stock Market

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, February 20, 2013 An Obscure Real Estate Indicator Is Looking Like A 'Huge Tailwind' For The Stock Market This morning, the Architecture Billings Index jumped to 54.2 from last month's 51.2 reading, the fastest rate of growth in more than five years. The index is a leading indicator for commercial real estate.  Dave Lutz, head of ETF trading and strategy at Stifel Nicolaus, sent along the chart below (the billings index in red versus the S&P 500 in blue), describing the surge in billings as a "huge tailwind" for the market. The chart above suggests that billings can at times be a leading indicator for the market – but of course, that is not always the case. Watch Now: Trulia CEO Pete Flint Gives Us His Predictions About The U.S. Housing Market   // <div>Please enable Javascript to watch this video</div> Read » Also On Money Game Today: The Chart Every Gold Bull Is Clinging To Tesla Beats On Revenues Expectations, Misses On Earnings Advertisement CHART OF THE DAY: Wall Street Always Predicts The Same Amount Of Growth, And They're Always Wrong CHART OF THE DAY: Slowing Productivity Is Great News For Unemployed Americans CHART OF THE DAY: Global Gold Demand Is Falling Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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