• Pete

And the Survey Says...

MBA Mortgage

MBA Mortgage Apps + 7.3% from -17.9% W/W

Purchase Index -2.1% from 12.0%

Refi. Index +10 .0% from -19.0%

Average 30 yr. Fixed -4 basis points at 3.45%

Merchandise Trade (Difference between imports & exports of goods)

Balance -9.76B from -9.85B Y/Y

Exports -34.6% from 2.9% Y/Y

Imports -28.7% from 2.5% Y/Y

Only iron ore exports and transport equipment imports showed positive growth

U.S. Retail Sales

-8.7% from 0.45 M/M

Vehicle sales down 25.6 %, gasoline sales down 17.2%, and food services fell 26.5%.

Empire State Mfg. Survey

General Business conditions Index-Level -78.2 from -21.5 consensus was -35

(This certainly looks and is indeed awful yet there are indications the worst is or soon will be turning around.)

U.S. Industrial Production

Production -5.4% from 0.6 % M/M Consensus was 4.2%

Capacity Utilization 72.7% from 77.0% M/M Consensus was 74%

Manufacturing -6.3% From 0.1% Consensus was -4.0%

U.S. Housing Market Index

30 from 72 consensus was 60

Worst level in 35 years. Expectations for April’s index at this point is at 63

Atlanta Fed Business Inflation Expectations 1.4% from 1.9% Y/Y (Not so good)

U.S, business Inventories -0.4% from 0.1% (A pretty big Draw)

U.S. EIA Petroleum Status

Crude Oil Inventories 19.2M barrels from 15.2M barrels

Gasoline 4.9MB from 10.5M barrels

Distillates 6.3M barrels from 0.5M barrels

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