03.21.11 Wrap

Economic Data

Existing Home Sales Existing Home Sales - Level - SAAR	Prior 5.36 M	Revised 5.40 M	Est 5.150 M	Range 5.000 M to 5.230 M	Actual 4.88 M
Existing Home Sales - M/M Change	2.7 %	3.4 %			-9.6 %
Existing Home Sales - Yr/Yr Change	5.3 %				-2.8 %

Home sales  fell 10% last month and are down 2.8% y-o-y. Both single-family and condo sales declined. Existing Home sales peaked in 2005. Distressed sales were 39% of sales transaction. 33% of sales were cash transactions.. In February, the median price fell 1.1% to $156k. 

Story from thestreet.com

Market Activity

Indices +1.70%  Story from Reuters

Midcap +1.97%  Russell 2K +1.96% NQ +1.78% ES+1.43% Mini Dow +1.40% VIX -7.49%     

Metals  +1.13%

SI +3.04% PA +2.02% PL +1.31% GC +0.82% HG -1.23% 

                      

Energies +0.68%

RB +1.58% CL +1.22% HO +0.99% Ethanol +0.04% NG -0.31% 

Bloomberg story on Gasoline

Currencies +0.35%

AD +0.94% CD +0.79% MP +0.70%               BP+0.60% EC +0.49% JY-0.14% SF -0.38% USD -0.41%

Grains +0.20%

RR +1.47% C+0.44% BO +0.20% S +0.04% W-0.28% SM -0.41% O -0.57%

Financials -0.25%       

ED -0.01% TU -0.09% US -0.23%     FV -0.35%      TY-0.41%

Softs -0.32%

CC +1.98%     KC +0.29%     LB unch CT -0.08%    SB -0.83%       OJ -3.30%

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