ENVOY MORTGAGE Blog

March 7th, 2011 11:31 AM
This week in March will start off more like a lamb than a lion, at least on the economic report front, with no reports scheduled for Monday through Wednesday. But that doesn’t mean world events may not cause some rumbles in the markets any day ahead. Be sure to also look for:

Thursday will bring another weekly Initial and Continuing Jobless Claims Report. Last week’s Initial Jobless Claims were reported at 368,000, also great news for the labor market as this is the lowest reading since May 2008. Will this week’s report follow suit?
Friday will bring the Consumer Sentiment Index - will it show consumers are feeling better about our economy?
Friday will also bring the Retail Sales Report for February, which is considered a timely indicator of broad consumer spending patterns.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. 

It was a volatile week in the Bond Market, though one that ended on an improving note. I’ll be watching to see if this continues.

Posted by Gary Bussard on March 7th, 2011 11:31 AMPost a Comment (0)

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