New data has some investors wondering if the worst of the economic downturn is behind us.
Specifically, new orders for long-lasting U.S. made goods rose in February for the first time in seven months and new home sales rebounded, government reports showed on Wednesday.
The collapse of the U.S. housing market was the main trigger for the current economic slump. Stability in the housing market is seen as a key ingredient for the economy's recovery.
"The tone of the data is starting to look a little better. We might just be bouncing along a floor. Certainly the momentum is improving says Carl Lantz, an interest rate strategist at Credit Suisse in New York.
In other good news for the housing market and the economy, the Mortgage Bankers Association said applications for home loans jumped last week as interest rates hit record lows after the Federal Reserve announced it would buy longer-term U.S. government debt.
And that leads to our Fast Money Reader Poll. We want to know if you're noticing signs that the worst of the economic downturn is behind us.
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CNBC.com with wires