5/23/16

May 23rd, 2016

 

 

 

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

Mon, May 23 10:59 AM - California home sales off to slowest start since 2008.
Mon, May 23 10:27 AM - Stocks edge into positive territory.

10:00 AM New Rates have been posted http://www.johnmarbury.com/page5.html/

Mon, May 23 9:39 AM - The S&P 500 opens near unchanged.
Mon, May 23 8:25 AM - Trading volumes will come to a crawl early Friday morning as summer unofficially kicks off this weekend for Memorial Day. Most of the big players will exit late Thursday or early Friday.
Mon, May 23 8:21 AM - U.S. dollar index 95.38, near unchanged.
Mon, May 23 8:20 AM - WTI oil $47.70/barrel, -$0.71.
Mon, May 23 8:20 AM - 10-yr T Note yield 1.83%.
Mon, May 23 8:16 AM - The Treasury will sell $31B 2-year Notes on Tuesday, $34B 5s on Wednesday and $20B 7s on Thursday.
Mon, May 23 8:12 AM - San Francisco Fed President Williams (non-voter) says two to three rate hikes in 2016 still makes sense.
Mon, May 23 8:10 AM -There are no economic reports due for release today. The rest of the week features housing, manufacturing, GDP and Consumer Sentiment.
Mon, May 23 8:09 AM - MBS open near unchanged.
Mon, May 23 8:04 AM - St. Louis Fed President Bullard (voter) is out this morning saying, "Labor markets are relatively tight. This may put upward pressure on inflation going forward. This is an important factor supporting the FOMC view on the expected path of the policy rate"; "by nearly any metric, U.S. labor markets are at or beyond full employment."
Mon, May 23 8:02 AM - S&P futures near unchanged as oil prices decline and players await speeches by Federal Reserve officials this week for clues on timing of the next rate increase.

Contact

John Marbury
jmarbury@nationalbankofcommerce.com
NMLS# 740833
Phone:205-266-5669
Fax: 866-217-4174

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