Monday May 19th, building permits and housing starts came out with numbers lower that what the market expected. Building permits posting a 494k verses a market expected number of 530k and housing starts posted a 458k verses a market expected number of 520k.
Wednesday, May 20th, Crude Oil inventories came out lower than expected posting -2.10M barrels verses -4.63M from the prior period.
Thursday, May 21, Initial Jobless claims did better than prior period but less than what the market expected with an actual number of 631k with a market expectation of 625k and a prior period number of 643k.
Next week, should be an interesting week with consumer confidence, existing home sales, new home sales,GDP prelim, GDP deflat, Chicago PMI and Mich Sent-Rev.
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