Looks like we just hit an inflection point. So far this morning:
U.S. new home sales drop to more than 2-1/2-year low

(Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market.
The Commerce Department said on Wednesday new home sales dropped 8.9 percent to a seasonally adjusted annual rate of 544,000 units last month. That was the lowest level since March 2016. The percent drop was the biggest since December 2017.
New Home Sales ‘000s

source: tradingeconomics.com
The trade deficit spikes:

US Trade Deficit Soars To Record High As Exports Tumble


(Zero Hedge) – The October advanced trade balance (deficit) of goods worsened to $77.2 billion ($77.0 billion expected) from $76.3 billion in September.
• Imports rose 0.1% in Oct. to $217.764b from $217.554b in Sept.
• Exports fell 0.6% in Oct. to $140.517b from $141.303b in Sept.
This is a new record high deficit for Trump’s America…




In December 2016, the US goods trade deficit was $63.485 billion.
In October 2018, the US goods trade deficit is $77.2 billion.
A dramatic rise of almost $14 billion since Trump’s election and trade war started.
And the Fed blinks: