Well the Super Bowl is over and the lights out in the middle of the game makes you wonder how bad the infrastructure of the country really is? Also while driving down a road in Paso Robles California I saw a car hit a pot hole that ruined his front tire. What's up with that! Where is all the gas tax going?
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The Week Ahead: Very little Data
Big swings are the norm for Factory Orders data which swung 1.8 percent higher in December following a downwardly revised November which now shows a 0.3 percent decline.
Tuesday: ISM Non-Mfg Index, prior 56.1 consensus 55.1
Wednesday: No substantial Data
Thursday: Jobless Claims, prior 368K consensus360K
Friday: International Trade Bal., prior -48.7B consensus-46.0 B
Dow is trading at 13,908-102.02, the 10 yr bond is at 1.97 from 1.96 Friday, . Currently mortgages are slightly worse from Friday
Conv. - 3.5%
FHA. - 3.25%
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