5/13/16

May 13th, 2016

Below is the news when it happened and market reaction.  All of the times below are Eastern Standard Time

10:23 AM New Rates have been posted http://www.johnmarbury.com/page5.html/

Fri, May 13 10:16 AM - Stocks edge lower after the better-than-expected economic data feeling that the Fed could raise rates sooner, rather than later. Topsy-turvy!
Fri, May 13 10:04 AM - In this Fed-induced topsy-turvy world, good news is bad and vice versa. Two positive economic data points leaves the S&P and Bond prices near unchanged.
Fri, May 13 10:01 AM - May Consumer Sentiment 95.8 vs the 90 expected.
Fri, May 13 9:53 AM - The S&P tried to rally, but has quickly fallen into negative territory, for now.
Fri, May 13 9:40 AM - The MBAs Builder Application Survey declines in April after two strong months.
Fri, May 13 9:38 AM - The S&P 500 near unchanged at the open.
Fri, May 13 9:37 AM - The MBAs Builder Application Survey declines in April after two strong months.
Fri, May 13 8:39 AM - The tame wholesale inflation coupled with the better-than-expected Retail Sales has little impact on MBS.
Fri, May 13 8:39 AM - U.S. dollar index 94.61, +0.48.
Fri, May 13 8:36 AM - Core PPI 0.1%, inline. 
Fri, May 13 8:36 AM - 10-yr T Note yield 1.74%.
Fri, May 13 8:36 AM - WTI oil $46/barrel down $0.73.
Fri, May 13 8:35 AM - April PPI 0.2% vs the 0.3% expected.
Fri, May 13 8:33 AM - May Retail Sales 1.3% vs the 0.8% expected. Ex-autos 0.3% vs the 0.5% expected.
Fri, May 13 8:29 AM - MBS open flat to slightly higher.
Fri, May 13 8:28 AM -New lending in China declines sending global and domestic Stocks lower.

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jmarbury@nationalbankofcommerce.com
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