| Last | Change | Percent | |
| S&P Futures | 1488.5 | -1.8 | -0.12% |
| Eurostoxx Index | 2706.9 | -1.4 | -0.05% |
| Oil (WTI) | 95.96 | 0.7 | 0.77% |
| LIBOR | 0.301 | -0.001 | -0.17% |
| US Dollar Index (DXY) | 80 | 0.083 | 0.10% |
| 10 Year Govt Bond Yield | 1.83% | 0.01% | |
| RPX Composite Real Estate Index | 192.1 | -0.1 |
Markets are lower after Apple stunk up the joint. Initial Jobless Claims came in at 330k. The Markit PMI came in at 56.1. Bristol Myers and 3M beat expectations. Bonds and MBS are down small.
The IMF forecast world economic growth of 3.5% for 2013. The US is forecast to grow 2%, with growth accelerating in 2H. The Euro area is expected to contract by .2%.
KB Homes reported that preliminary quarter-to-date net orders increased 54%. Separately, they announced they are forming a home-loan company for its buyers with Nationstar. Concurrently, they are doing a $100MM secondary and a $200MM convertible bond issue priced at 1.375s up 50.
Obama is expected to name Mary Jo White as the new head of the SEC. A former prosecutor, she is expected to signal the importance of holding Wall Street accountable.
Bob Schiller is still cautious on housing.
The renovation boom continues. As inventory remains small, many homeowners are choosing to upgrade current homes as opposed to buying new ones. Are 203ks the next big thing?
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