Events of this week:
- Big surge of foreclosures in March
- Builder confidence is down
- Industrial production is down
- Inflation is improving, as supply starts dominating over demand
- Credit card losses trending up
- Panic at the commercial Real Estate market
- Earnngs are pretty good so far
What to watch the next week:
- We have a big housing week. Expect existing home sales so-so, inventories on the rize. Expect new home sales below expectations
- Meritage Homes and Pulte Homes report
- Watch REITs. Panic with CMBX-NA CDS indexes may put them down. Watch CMBX index at markit.com
