Stocks look surprisingly resilient following big spike
Breakfast with Benjamin: Stocks holding steady after spike. Plus, Global markets shrug off Obama's meager sanction efforts, Yellen tries to have it both ways with rates, the Senate's housing market destruction plan, and 1,000 years of European border shifts.
- U.S. stock futures are indicating some confidence in this morning’s housing report. Consensus estimates suggest a slight bump in February housing, on the heels of an ugly dip in January. Futures are flat following the S&P’s 1% gain yesterday
- Interpreting President Obama’s sanctioning of seven individual Russians as feckless, the global equity markets move forward as if Crimea was always part of Russia. Riding on the illusion of geopolitical calm
- Fed Chair Janet Yellen will likely resort to some crafty double-speak to try and convince us that the economy is booming, but interest rates still need to remain nailed to the floor. Makes sense, right? Yellen heads her first Fed meeting
- The Senate’s plan to wind-down Fannie Mae and Freddie Mac appears to be creating a brand new victim: the housing market. Excellent job, folks. How to kill a housing recovery
- As Crimea joins Russia it becomes part of 1,000 years of European border shifts. Interesting interactive map of Europe
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