Recap for 5.17.11

Economic Data

ICSC-Goldman Store Sales

Released on 5/17/2011 7:45:00 AM For wk5/14, 2011 Prior Actual Store Sales - W/W change 0.0 % -2.0 % Store Sales - Y/Y 2.7 % 3.2 %

Housing Starts

Released on 5/17/2011 8:30:00 AM For Apr, 2011 Prior Prior Revised Consensus Consensus Range Actual Starts - Level - SAAR 0.549 M 0.585 M 0.570 M 0.549 M to 0.583 M 0.523 M Permits - Level - SAAR 0.594 M 0.574 M 0.551 M

http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx?SiteName=Investor&ArticleId=NS20110517094047HeadlineHits Redbook

Released on 5/17/2011 8:55:00 AM For wk5/14, 2011 Prior Actual Store Sales Y/Y change 4.7 % -2.3 %

Industrial Production                                                             Iindustrial production was unchanged in April after having increased 0.7 percent in March. Output in February is now estimated to have declined 0.3 percent; previously it was reported to have edged up 0.1 percent. In April, manufacturing production fell 0.4 percent after rising for nine consecutive months. Total motor vehicle assemblies dropped from an annual rate of 9.0 million units in March to 7.9 million units in April, mainly because of parts shortages that resulted from the earthquake in Japan. Excluding motor vehicles and parts, factory production rose 0.2 percent in April. The output of mines advanced 0.8 percent, while the output of utilities increased 1.7 percent. At 93.1 percent of its 2007 average, total industrial production was 5.0 percent above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1 percentage point to 76.9 percent, a rate 3.5 percentage points below its average from 1972 to 2010. (Source: http://www.federalreserve.gov/releases/g17/current/)

Released on 5/17/2011 9:15:00 AM For Apr, 2011 Prior Prior Revised Consensus Consensus Range Actual Production - M/M change 0.8 % 0.7 % 0.4 % -0.4 % to 0.8 % 0.0 % Capacity Utilization Rate - Level 77.4 % 77.0 % 77.6 % 77.0 % to 77.9 % 76.9 %

Market Activity

Grains+1.90%

W+3.73% C+3.26% O+2.59% RR+2.02% SM+1.36% S+1.09% RS+0.95% BO+0.23%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-corn_822.html

Financials+0.26%

ZB+0.48% ZN+0.20% ZF+0.10% ED unch ZT unch

http://www.cmegroup.com/education/market-commentary/ir/2011/05/recap-ir-and-treasuries_879.html

Metals+0.19%

HG+1.00% P+0.78% PL+0.40% GC-0.44% SI-0.62%             

http://www.marketwatch.com/story/gold-futures-rebound-in-electronic-trading-2011-05-17?dist=afterbell

Currencies+0.04%

SF+0.35% EC+0.33% AD+0.30% BP+0.27% MP+0.15% CD+0.08% USD-0.21% JY-0.73%

http://www.bloomberg.com/news/2011-05-16/euro-holds-gains-as-european-union-approves-portugal-aid-pressures-greece.html

Softs-0.14%

CT+2.57% SB+1.19% KC+0.76% OJ-0.16% CC-0.90% LB-4.31%

Indices-0.19%

NQ+0.21% RJ+0.18% EW+0.16% ES+0.09% YM+0.08%        

http://view.ed4.net/v/R0W9G/SP0JXI/XH8GTT/HY7058/

Energies-0.47%

ZK+1.97% CL+0.12% RB+0.05% HO-0.33% NG-3.17%

http://www.vancouversun.com/news/Canadian+natural+prices+tumble+cooling+demand+wanes/4799045/story.html

http://www.reuters.com/article/2011/05/17/markets-energy-nymex-idUSN1718132320110517

Did The Futures Markets Have Their Own "Flash Crash"

What Really Caused The Record Drop In Oil Prices? Reuters Story from Huffingtonpost.com

SPX 11-09 TIL 08-10

Equity "Flash Crash"

SPX WEEKLY

CRB Daily

CRB Weekly

Commodity "Flash Crash"

Market Report for 04.29.11

CFTC COT Reports

Financial Futures COT Report (F + O)

 Commodity Futures COT Report (F + O)

Economic Data

Personal Income and Outlays

Personal Income - M/M change	Prev 0.3 %	Rev 0.4 %	Est 0.4 %	Range 0.2 % to 0.5 %	Act 0.5 %
Personal Income - Yr/Yr change	5.1 %	5.2 %			5.3 %
Consumer Spending - M/M change	0.7 %	0.9 %	0.5 %	0.1 % to 0.7 %	0.6 %
Consumer Spending - Yr/Yr change	4.1 %	4.5 %			4.6 %
Core PCE price index - M/M change	0.2 %		0.1 %	0.1 % to 0.3 %	0.1 %
Core PCE price index - Yr/Yr change	0.9 %				0.9 %

Employment Cost Index

ECI - Q/Q change	0.4 %	0.6 %
ECI - Y/Y change	2.0 %	2.0 %

Chicago PMI

Business Barometer Index - Level

Prev 70.6

Est 68.0

Range 65.0  to 69.1

Act 67.6

Market Activity

Grains+3.29%          

RR+4.85% C+4.29% W+3.53% O+3.24% S+3.15%            BO+3.01% SM+2.70% RS+1.58%

http://www.cmegroup.com/education/market-commentary/ag/2011/04/recap-corn_660.html

Energies+1.80%

ZK+3.59% NG+2.36% RB+1.31% HO+0.88% CL+0.73%

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6037991

Metals+1.41%

PA+1.93% PL+1.83%            GC+1.80% SI+0.68% HG-1.64%

http://www.smartmoney.com/investing/economy/6-signs-the-silver-market-has-gone-nuts-1303502720960/?cid=djem_sm_WeekontheStreet_h

Softs+0.98%

CT+3.45% CC+1.80% OJ+1.41% LB+1.25% KC+0.25% SB-2.26%

Currencies+0.44%

SF+0.99% CD+0.60% JY+0.53% AD+0.50% MP+0.49% BP+0.38% EC+0.05%  USD-0.22%

Indices+0.39%

RJ +0.45% YM+0.30% EW+0.26%   ES+0.20% NQ+0.15%

http://www.smartmoney.com/investing/stocks/market-update-friday-apr-29-2011-27248/?cid=djem_sm_dailyviews_h

Financials+0.14%

ZB+0.31% ZN+0.19% ZF+0.12% ZT +0.02% ED unch

http://www.marketwatch.com/column/bond-report