Listening to all the politicians you would think the sky would have fallen after Friday's sequester. Well the politicians forgot how tough and resilient the American People are inspite of the quality of our elected officials.
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What's up this week: Light Data, European Central Bank (ECB) later in the week
With the calendar light, sequestration will be the focus. Where is it hitting first and how severely?
Tuesday: ISM Non-Mfg Index, prior, 55.2 consensus, 55.0.
Wednesday: Factory Orders, prior,1.8% consensus, -2.2%
Thursday: International Trade, prior,$-38.5B consensus, $-43.0.Jobless Claims, prior,344K consensus, 355K.
Friday: Nonfarm Payrolls, prior,157K consensus, 171K
Dow is trading at 14,055-33.09 the 10 yr bond is at 1.86 from 1.86 Friday, . Currently mortgages are unchanged from Friday
Conv. - 3.5%
FHA. - 3.25%
Go out and make it a great week!
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