| Last | Change | Percent | |
| S&P Futures | 1352.6 | -0.4 | -0.03% |
| Eurostoxx Index | 2456.5 | -16.3 | -0.66% |
| Oil (WTI) | 86.54 | 0.2 | 0.25% |
| LIBOR | 0.311 | 0.001 | 0.32% |
| US Dollar Index (DXY) | 81.17 | 0.118 | 0.15% |
| 10 Year Govt Bond Yield | 1.61% | 0.02% | |
| RPX Composite Real Estate Index | 192 | -0.4 |
Markets are flat this morning after yesterday's bloodbath in the S&P and Wal Mart's miss, which is a negative sign for the economy. Inflation at the consumer level remained in the Fed's comfort range, while initial jobless claims jumped to 439k. This is heavily influenced by Sandy, so don't read too much into it. The NY Fed's Empire Manufacturing Survey was negative, but better than expected and higher than the previous month.s The Eurozone officially entered a recession. Bonds are down small while MBS are flat.
The Bernank is speaking on Housing and Financial Markets at 1:20 est today.
Freddie Mac discusses housing starts in its November 2012 US Economic and Housing Market Outlook.
The FOMC minutes released yesterday showed the Fed is moving in the direction of providing explicit economic guideposts for monetary policy. In other words, once unemployment drops to X%, we end QE. While they also expressed concern that the scheduled completion of Operation Twist may impact the economy, they did not announce a Treasury buying program. The market does expect one, though.
A House report on MF Global basically characterizes Jon Corzine as the "de facto chief trader" and blames his trades for the firm's collapse. The Democrats on the panel refused to endorse the report, basically proving (yet again) that the financial is political.
The Washington Post has a good backgrounder on the shale gas revolution. This has the potential to be a real long-term elixir for the economy.
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