Forum

Durable Goods Orders will be announced at 8:30 AM, and the consensus is a gain of 1.0% over January.  Last month, orders were up by 2.6%, and regional surveys indicate that demand for durables is still on the rise.

The monthly new home sales report will be reported at 10 AM, and the consensus is that 315,000 new homes were sold in February.  Expectations are low because of multiple snowstorms that hit the Northeast in February, and this statistic has been in a downtrend for the last 2 months.

The weekly EIA Petroleum Status Report will be also be released today, and there is a 5 year treasury note auction this afternoon.

Read original blog post