As for the economy today there are quite a few announcements, here is the
schedule:
• 8:30am Jobless Claims – There was an increase in jobless claims this week.
• 9:45am Bloomberg Consumer Comfort Index
• 10:00am Existing Home Sales
• 10:00am Philadelphia Fed Survey
• 10:00am Leading Indicators
In the stock market today the S&P 500 is up 0.67% as well as 10-year treasuries at
1.33%. Crude oil is up 1.47% while the dollar is down 0.34%.
Regarding the stock market the topic everyone won’t stop talking about is the Libor
scandal. Barclays and numerous other banks were found to be fixing the rates. But
other than fine the companies what can the government do? Bernanke says it is up
to the FSB find a solution.
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@keeneonmarket!