Posts under ‘Daily Market Comment’

The March CPI gains .3%, annualized the rate is just 2.4%, once again inflation no threat. Spanish sovereign yields increase but the rest of Europe declines.

March PPI neutral, annualized drops to 2.8%. February Trade Deficit down 6.5 billion to 46 billion on lower imports. RealtyTrac says foreclosure fell 2% in Q 1.

Import prices jump in March on higher oil costs. Beige book says steady as she goes last month. Wells Fargo gets nailed for ripping off its mortgage customers.

Stocks fall for a 5th day is the trend breaking down ahead of earnings season that begins after the close today? Pensions become increasingly underfunded.

Big misses by the Consumer Credit, +8.7 billion, and Employment, +120,000, reports Friday set the tone for the week as stocks opened with significant losses.

Stocks finish the week with small losses. Initial claims for unemployment drift lower last week. CMBS delinquency rates increase for the 1st time in 7-months.

February ISM Services Index dips to 56. CoreLogic February Home Price Index hits a new post bubble low falling 2%. The CFTC refuses futures on political events.

LPS reports improvement in the February delinquency rate. House prices are expect to slip another 3-10% this year. Tobin’s Q is .95, 1.05+ is dangerous.

Stocks finished the 1st quarter with solid gains after reaching 4-year highs. That said the S&P 500 has gone effectively nowhere for 5-years. Yet more fraud.

Stocks finish the week with small gains. February Personal Income gains .2%, spending jumps .8%, savings rate drops to 3.7%. Final 2011 GDP is an anemic +1.7%.