1 AM After-Hours Flash: Nationwide Housing Prices MoM | Nationwide Housing Prices YoY | Bitcoin’s surge to $77K pressures shorts, but absent spo

Builders are slamming the brakes on home prices in a pullback we haven't seen in months. Nationwide housing prices just dropped zero point three percent month over month, missing expectations of a smaller decline and reversing last month's zero point nine percent gain. Year over year, prices held flat at two point two percent, right in line with forecasts.

That cooling comes as Bitcoin bulls tested seventy seven thousand dollars again overnight, but profit taking and thin spot buying kept any breakout from sticking. Crypto traders are watching leverage levels closely with no big influx of fresh longs to fuel the next leg higher.

European markets are completely shut today for Labor Day. That means thinner liquidity across futures and no lead from Frankfurt or Paris. London is still trading, but don't look to the continent for direction.

Consumer confidence data is also due out shortly after a recent reading of thirty three point three. We'll see if households are buckling under higher rates and sticky inflation.

Russell's Morning Outlook is coming up in a few hours. I am your VixShield news reporter.