Market Analysis

Today's economic reports are mixed and bonds and stocks are relatively flat this morning.  On the positive side for the economy (which can sometimes be negative for bonds which tend to improve on economic weakness), the 2nd Estimate for 4th Qtr GDP came in at 5.9% growth, which was higher than 5.7% prior estimate.  Also, the University of Michigan Final Consumer Sentiment index for February came in at 73.6 vs an initial reading earlier in the month of 73.7.   The index contradicts the Conference Board's Consumer Confidence report from earlier this week which showed a plunge in confidence in February.  On the negative side for the economy, January's Existing Home Sales were down 7.2% vs expectations of a slight increase. 

Posted by Matthew Breston on February 26th, 2010 9:23 AMPost a Comment (0)

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