Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Week Ended May 25, 2012
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Treasury yields were generally unchanged this week and remain near record lows as fear and uncertainty around Europe continue to generate the risk aversion preference of U.S. debt as well as the stronger Eurozone nations and may continue as Greece is positioned for new elections on June 17th. In Spain, one of the nation's largest lenders, Bankia reportedly requested a $24 billion injection. In economic news this week, existing home sales increased 3.4% in April to an annual rate of 4.62 million units vs. the estimate of 4.61 million and April new home sales increased 3.3% to an annual rate of 343,000, beating the estimate of 335,000. April durable goods orders increased 0.2%, matching estimates, however, excluding transportation, orders declined 0.6% as the survey expected a 0.8% gain. May U of M Consumer Confidence was reported at 79.3 vs. the estimate of 77.8. Markets will close Monday in observance of the Memorial Day Holiday. Major economic reports (and related consensus forecasts) for next week include: Tuesday: March S&P Cash-Shiller Composite-20 Home Price Index (0.20% MoM, -2.60% YoY), May Dallas Fed Manufacturing Index (1.5); Wednesday: April Pending Home Sales (0.0% MoM, 19.0% YoY); Thursday: 1st Quarter GDP (1.90%), 1st Quarter Personal Consumption (2.90%), May Chicago Purchasing Manager Index (57.0); Friday: May Change in Nonfarm Payrolls (150,000), May Unemployment Rate (8.10%), April Personal Income (0.30%), April Personal Spending (0.30%), May ISM Manufacturing Index (53.8), May Total and Domestic Vehicle Sales (14.41M/11.20M annualized).
Posted on Tuesday, May 29, 2012 @ 9:25 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

US Stocks Week Ended May 25, 2012
The Business of Energy Distribution
Senior Loans are a “Go To” Income Vehicle when Rates Rise
US Economy and Credit Markets Week Ended May 18, 2012
US Stocks Week Ended May 18, 2012
If You Can't Beat Them, Join Them!
Passive Investing More Popular Than Active Management Since 2007
US Economy and Credit Markets Week Ended May 11, 2012
US Stocks Week Ended May 11, 2012
Thinking about investing in Small-Caps?
Think about Micro-Caps.
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.