The Market Rallies, is it justified?

I'm watching Closing Bell on CNBC and they pointed to home sales increases as a trigger for one of the three bumps in the markets today but this graph shows that an increase in month to month homes sales is normal this time of the year. If you compare this months home sales to this month last year it is down 15 percent. It's all a numbers game...

Sources:

Calculated risk

The Big Picture