Of Note:

• Consumer Confidence-came in at 51.9 Higher than last month, but still showing lots of pessimism and reduced spending plans.

• MBA Purchase Applications came in at 309.5 indicating continued weakness in the housing market.

• Jobless Claims , came in higher at 448k.

• GDP-final was revised up to 1% basically indicating that we’ve dodged a recession……hope they are right.

• Exisiting Home Sales –rose 2% to 4.99M from April, but is still 15.9% lower than last year. The number was slightly encouraging but keep in mind that this is the selling season.

• Bonds…2 year 2.49%, 5 yr. 3.21% and the 10 yr. 3.93%.

• Crude oil closed at $125.10 per barrel.

Read more…

This entry was posted on 3. August 2008 at 08:57 and is filed under Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

| Print