Daily Delphi

Post: Wednesday 9/25 | Daily Delphi

BlogsPit Talk › Wednesday 9/25 September 25, 2013, 6:50 am

TUESDAY RECAP
Consumer Confidence came in under marktet expectations at 79.7, weighed down by the shutdown showdown. The lower than expected number put pressure on the markets early but bargin hunters came in late in trade. The S&P's ended down -.20 and gold down -10.7. Oil stayed under pressure all day as peace and goodwill take hold in the Middle East. Late in the session it caught some support and ended down -.46,

TODAY'S ACTION
7:30 AM
Durable Goods Forecast 0.0% Prior -7.4%
9:00 AM
New Home Sales Forecast 440K Prior 394K
9:30 AM
Crude Inventories Forecast -1.0M Prior -4.368M

Today the markets will be watching the volatile Durable Goods after July's surprise decline.
Big Daddy has made it clear numbers matter and this leading indicator may have a story to tell. Watch for the July revision. We'll also be watching the 'kids' in congress as they trade jabs. Another item of keen interest tomorrow will be at the UN as Iran meets with other member nations to discuss the resumption of negotiations about it's nuclear program. Trade strong.


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