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Monday: Personal Income and Outlays, Pending Home Sales


This immigration program has really boosted sales in certain California and New York areas, from the WSJ: U.S. Immigration Program for Foreign Investors Sees Demand Surge

The program, known as EB-5, received applications from 17,691 investors in 2015, up from 11,744 in 2014 and 6,554 in 2013, according to figures released last week by U.S. Citizenship and Immigration Services.

The EB-5 program offers green cards to aspiring immigrants who invest at least 0,000 into certain businesses that have been determined to create at least 10 jobs per investor.

First created in 1990, EB-5 was barely used until the aftermath of the 2008 recession, when real-estate developers realized it offered a cheap and accessible form of financing when banks were reluctant to lend. The program has since become mainstream within the real-estate development world, particularly among high-end developers in New York, who recruit heavily in China.

• Schedule for Week of March 27, 2016

• At 8:30 AM ET, Personal Income and Outlays for February. The consensus is for a 0.1% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to increase 0.2%.

• At 10:00 AM, Pending Home Sales Index for February. The consensus is for a 1.5% increase in the index.

• At 10:30 AM, Dallas Fed Manufacturing Survey for March. This is the last of the regional Fed manufacturing surveys for March.

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are up 4 and DOW futures are up 44 (fair value).

Oil prices were mixed over the last week with WTI futures at .75 per barrel and Brent at .64 per barrel.  A year ago, WTI was at , and Brent was at – so prices are down about 15% to 22% year-over-year, respectively.

Here is a graph from for nationwide gasoline prices. Nationally prices are at .04 per gallon (down almost .40 per gallon from a year ago).
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