Bobbys Corner-Open Market-March.16.2012

Good Morning:

A very lackluster evening session as the markets await this morning’s CPI data.  With the US economy picking up speed, and inflation following the trend-the Fed may not be able to continue with their very accommodate monetary policy.  The magic number for CPI seems to be 3%.  If investors and the Fed see this data go over 3% year to date-they will need to re access their policies.

Asian equity markets were mixed-while European markets are higher, along with US Futures.

Gold, Silver and most metals are lower.
Oil is higher-still trading under $106/bbl.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

Jobless Claims Lowest Since April 2008, CPI & Housing Starts Weaker, Building Permits Stay the Same

Consumer Price Index(MoM):   Survey:  0.1%    Actual: 0.0%   Prior:  0.0%  

CPI Ex Food & Energy(MoM):    Survey: 0.1%    Actual: 0.1%   Prior: 0.2%   

Housing Starts (MoM)%:    Survey: -0.7%    Actual: -4.1%    Prior:  9.3%    Revised:  9.1%

Building Permits:    Survey: 679K    Actual: 679K    Prior: 681K    Revised: 680K

Building Permits (MoM)%:    Survey: -0.2%    Actual:  -0.1%    Prior:  5.7%    Revised: 5.6%

Jobless Claims:  Survey:  384K    Actual: 352K   Prior: 399K    Revised:  402K   

Continuing Claims:  Survey: 3590K    Actual:  3432K    Prior:  3628K  Revised: 3647K

Bobbys Corner-Open Market-January.19.2012

Good Morning:

In some of the saddest corporate news in a long time-Eastman Kodak Co filed for bankruptcy protection from creditors this morning.
Kodak revolutionized photography-when it introduced the “Brownie Camera” over 100 years ago.  As the world moved to digital technology for cameras-Kodak was stuck with their film technology-and was never able to jump into the digital marketplace.  R.I.P.

Spain and France had very solid results and participation during today’s bond auctions.
European sovereigns will need to sell some $1 Trillion euros worth of debt this year-and we hope that the markets will be able to absorb all of this debt.  If it is priced right-the buyers will show up.  

Today we have data on CPI and Philly Fed.  We will also see data on jobless claims-which came very close to the majic 400K number last week.  It is expected to fall below 390K this morning.

Equity markets were higher-as are US futures at this time.

Gold, silver and Oil are all higher.

HAVE A GREAT DAY & GOOD LUCK

Plethora of 8:30AM US Data

US CPI Falls

US CPI Data Due at 8:30AM

US CPI Stays at Par, Housing Starts Improve and Building Permits Weaker

Housing Starts (MoM)%:    Survey: 3.3%    Actual: 15.0%    Prior: %    Revised: -7.0%

Building Permits:    Survey: 610K    Actual: 594K    Prior: 620K    Revised: 625K

Building Permits (MoM)%:    Survey: -2.4%    Actual: -5.0%    Prior: 3.2%    Revised: 4.0%

Eurozone Unemployment Slight Rise, Year over Year CPI Stays the Same

EUR Unemployment:  Survey:  9.9%   Actual: 10.0%    Prior:  9.9%   Revised: 10.0%

July vs June 2011 (Measured in %)
Belgium: 17.6 vs 18.1
Bulgaria: 27.0 vs 27.2
Czech Republic: 16.2 vs 16.7
Denmark: n/a vs 13.7
Germany: 9.5 vs 9.4
Estonia: n/a vs 21.8
Ireland: 28.3 vs 28.0
Greece: n/a vs n/a
Spain: 46.2 vs 45.7
France: 23.4 vs 23.1
Italy: 27.6 vs 27.9
Cyprus: n/a vs 19.6
Latvia: n/a vs n/a
Lithuania: n/a vs 33.1
Luxembourg: 13.3 vs 12.3
Hungary: 23.9 vs 24.6
Malta: 12.4 vs 12.3
Netherlands: 7.5 vs 7.1
Austria: 7.8 vs 7.8
Poland: 23.7 vs 24.3
Portugal: 27.2 vs 28.3
Romania: n/a vs 0.0
Slovenia: n/a vs 18.6
Slovakia: 32.9 vs 33.1
Finland: 20.4 vs 20.3
Sweeden: 21.6 vs 22.9
UK: n/a vs n/a

EUR CPI(YoY):  Survey: 2.50%   Actual: 2.50%    Prior: 2.50%

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