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(Bloomberg) Traders hunting for an edge in the $7.5 trillion a day foreign-exchange market are poring over a crucial gauge of economic resilience in the era of higher-for-longer interest rates: housing prices.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Change
Amid the uncertainty, investors sitting on solid year-to-date gains as Christmas nears 22 per cent for the S&P 500 may be tempted to bank some profits.