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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of May 7, 2017 Monday:• At 10:00 AM ET, the Fed will release the monthly Labor Market Conditions Index (LMCI). From CNBC: Pre-Market Data and Bloomberg futures: S&P futures and DOW futures are up slightly (fair value). Oil prices were down over the last week with WTI futures at .90 per barrel...
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Oil: Slower Growth for Rig Count

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Oil: Slower Growth for Rig Count

A few comments from Steven Kopits of Princeton Energy Advisors LLC on May 5, 2017: • Total US oil rigs added 6 to 703, all of it in the Permian • US horizontal oil rigs were up 6 to 598, tied for the second smallest gain since late January • Morgan Stanley, among other...
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Thursday: Unemployment Claims, Trade Deficit

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Thursday: Unemployment Claims, Trade Deficit

From Merrill Lynch on FOMC announcement: The FOMC communicated today a lack of concern about the recent slowdown in economic data, describing it as “transitory” while “the fundamentals underpinning the continued growth of consumption remained solid”. Not surprisingly then the statement was interpreted as hawkish relative to market expectations, as the Treasury curve bear...
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Tuesday: Auto Sales

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Tuesday: Auto Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Slightly Higher Mortgage rates were unchanged to slightly higher today, keeping them in line with the previous 4 business days.  This 5-day block stands out from the previous trend that had taken rates generally lower since the middle of March, ultimately hitting the best levels...
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Schedule for Week of Apr 30, 2017

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Schedule for Week of Apr 30, 2017

The key report this week is the April employment report on Friday. Other key indicators include the April ISM manufacturing and non-manufacturing indexes, April auto sales, and the March Trade Deficit. —– Monday, May 1st —–8:30 AM: Personal Income and Outlays for March. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase...
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HVS: Q1 2017 Homeownership and Vacancy Rates

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HVS: Q1 2017 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2017. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but...
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Real House Prices and Price-to-Rent Ratio in February

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Real House Prices and Price-to-Rent Ratio in February

Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in February It has been more than ten years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 2.1% above the previous bubble peak. However, in real terms,...
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12 Books to Read if You Want to Get Rich

12 Books to Read if You Want to Get Rich

Research shows that 88% of wealthy people devote at least 30 minutes a day to reading.  If it works for them, it could work for you. Below, we’ve rounded up 12 of our favorite books, from personal finance classics to new releases.  Here’s to a prosperous year! Read the rest of 12 Books to...
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Schedule for Week of Apr 23, 2017

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Schedule for Week of Apr 23, 2017

The key economic reports this week are Q1 GDP and March New Home sales. —– Monday, Apr 24th —–8:30 AM: Chicago Fed National Activity Index for March. This is a composite index of other data. 10:30 AM: Dallas Fed Survey of Manufacturing Activity for April. —– Tuesday, Apr 25th—–9:00 AM: FHFA House Price Index...
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