Daily Delphi

Post: THURSDAY SEPT 26TH | Daily Delphi

BlogsPit Talk › THURSDAY SEPT 26TH September 26, 2013, 6:50 am

WEDNESDAY RECAP
The S&P's started the day in positive territory after better than expected Durabel Goods and New home Sales but retreated throughout the day to end down -6.70. Gold caught some wind today on the lack of progress in the shutdown showdown settling up +19.9. Could make for a fall if the 'kids' get it together. Oil took a hit after the EIA number showed a build of 2.635M vs expectations of -1.0M, settling down -.47 on the day.

TODAY'S ACTION
7:30 AM CT
Initial Claims Forecast 330k Prior 309k
GDP Q2 Forecast 2.5% Prior 2.5%
9:00 AM CT
Pending home Sales Forecast -2.4% Prior -1.3%
Today will see more of the same as all eyes are on the 'kids in congress.' The GDP is the third estimate and the market doesn't expect any surprises. Of course then it wouldn't be a surprise. Trade Wisely.


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