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Entries for January, 2010

The Day Ahead: Market Expects GDP to Print at 4-Year High

90 minutes ahead of the opening bell and thirty before a GDP release that should show economic growth at a four-year high, equities are trading higher, commodities are mixed, and the dollar is stronger. A snapshot from 8:00 shows Dow futures up 39 points to 10101 and S&P 500 futures up 4.30 points to 1,083. [...]

New Home Sales Stuck Near Record Low Levels

The Census Bureau and the Department of Housing and Urban Development today released New Residential Home Sales survey data for December 2009. The survey is primarily based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or sales agreement signed, this can occur prior to a [...]