Monday Market Commentary

by Alex Stenback on March 20, 2006

Last Week
Rates improved slightly last week as a tame consumer price index showed little inflation eased some of the markets worts inflationary fears.  Housing starts we’re down, but stronger than expected, so for now the Real Estate Economy remains on a gentle glide-path down towards a soft landing.
This Week
Tuesday’s Producer Price Index (yet another inflation indicator) looms large this week – look for the market to give back last weeks gains if this number spikes.  Existing and new home sales also print Thursday/Friday respectively.  While these are not primary rate drivers, it will be interesting to see if we remain on track for a soft landing in the real estate sector.
ยท This Week’s Economic Calendar[Barron's]

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