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Post: Wednesday - If not up then down. | Daily Delphi

BlogsPit Talk › Wednesday - If not up then down. February 19, 2014, 6:50 am

TODAY'S ACTION
6:00 AM CT
MBA Mortgage Index for 02/15
Prior -2.0%
7:30 AM CT
Housing Starts for Jan
Prior 999K Forecast 963K
Building Permits for Jan
Prior 986K Forecast 980K
PPI for Jan
Prior 0.1% Forecast 0.2%
Core PPI for Jan
Prior 0.3% Forecast 0.1%
1:00 PM CT
FOMC Minutes for 1/29

Today we'll be seeing the housing starts number and the price of goods at the wholesale level in the PPI data before the open. This afternoon we'll get a look at the FOMC minutes from January. There shouldn't be any surprises after Yellen's Humphrey Hawkins testimony last week but the more dovish the minutes the better the market reaction should be. Trade strong.

TUESDAY RECAP

A slow start to a short week. The NASDAQ led the way with its eighth straight winner and its highest close since 2000. The S&P settled slightly up and the Dow ticked lower. The overall tone of the market was quiet with ligher than average volumes - much like last week's trade. Oil saw a positive move up +1.97 and gold traded up a modest +5.8 on better than average volume.


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