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Te's and sees apply. It's Monday, August 24, 2020, just after market closes in New York. This is the Real Vision Daily Briefing. I'm Ash Bennington

in New York joined shortly by managing editor Ed Harrison. But first, the day's

stories from Jack Farley. Thanks, Ash. The Chicago Fed National Activity Index posted a positive reading of 1.18 for July.

While this figure is above zero meaning that the nation's economy is growing at a faster than average rate. This was below the record high of 5.33 in June, as well as the 3.7 that was expected for July. Despite this mediocre reading, U.S. equities were unfazed. They opened strong this

morning with a Tao leading the way, but not quite matching the sizable gains of European and Asian equities.

Interestingly enough, during today's rally

yields have held steady so far, indicating that it's not so much of a bond

sell-off that is causing this equity rally. Leading housing ETS like

ITB and XHGB continue to post new records as a result of a booming housing market.

As you may remember, U.S. existing home sales experienced a month over month increase of 24.7%, shattering expectations by 10 whole percentage points.

Building permits as well also increased dramatically by 18.8%.

That's the third highest monthly change on record.

Same with US housing starts, which increased at a 22.6 month-over-month rate.

Altogether, the Census Bureau and the Housing and Urban Department

...