Well, still no inflation…..

• October Core CPI M/M +0.0% vs +0.1% consensus; prior 0.0%
• October CPI M/M +0.2% vs +0.3%   consensus; prior +0.1%

But housing starts are trending lower again:

• October Housing Starts 519K vs 600K ; M/M change -11.7%

And finally, Mortgage apps dried up…

• MBA Mortgage Applications -14.4% vs +5.8% Prior

(Click on each chart to enlarge)