| Last | Change | Percent | |
| S&P Futures | 1403.2 | -0.1 | -0.01% |
| Eurostoxx Index | 2549.8 | 7.3 | 0.29% |
| Oil (WTI) | 87.92 | 0.2 | 0.21% |
| LIBOR | 0.312 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 80.28 | 0.033 | 0.04% |
| 10 Year Govt Bond Yield | 1.67% | 0.01% | |
| RPX Composite Real Estate Index | 190.8 | -0.3 |
Markets are flat this morning after a better than expected durable goods report. The Commerce Department said no companies reported disruption from Hurricane Sandy, although I wonder how much of the orders were caused by Sandy (generators, for example). Bonds and MBS are flat
The Case-Schiller index rose 3.6% YOY, and is now sitting where prices were in Autumn of 2003. We will get the FHFA Home Price Index later today.
Mary Schapiro has stepped down from the head of the SEC. Elise Walter, one of the Democratic Commissioners has stepped in to take her place. The criticism of her performance largely centered around the view that she was too lenient with Wall Street. The Walter appointment has the feeling of an interim appointment. In the meantime, the panel will be evenly split between Democrats and Republicans, which means that enacting controversial new regulations will be almost impossible, especially those regarding prop trading and money-market funds. That said, my gut tells me that a more aggressive SEC is on the way. Batten down the hatches.
Brown Forman, the liquor manufacturer, has announced a special dividend, as a way to return capital to shareholders prior to an expected hike in dividend taxes. Expect to see more of this. The stock is up 5%.
CNN discusses the political realities of the mortgage interest deduction.
Fannie Mae discusses the fact that many borrowers don't get competing rates when shopping for a mortgage.
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