Market News Crossline Capital Ontario California

Weekly Calendar and Market News

 

Today

 

Housing starts increased 22.7% in November, from 889k in October to 1.091mm.  This was the biggest monthly percentage gain since January 1990 and the first time since March that starts have ticked about the million mark.  Look for the FOMC announcement late today.  With 55% of people thinking the Fed will start tapering its bond purchases in December or January, things should get interesting after the announcement. 

 

Currently the 10YR Treasury is at 2.883 and FNMA 4.0’s are - 4/32.

 

U.S. Housing Starts Jump to Highest Level in Five Years - The pace of home construction reached a more than five-year high in November amid broad-based gains as builders boosted inventory to keep pace with demand.

 

Fed faces tough call on bond buying as economy strengthens - The Federal Reserve will decide on Wednesday whether the U.S. economy is finally resilient enough to withstand less policy support, or whether it is prudent to wait a bit longer.

 

Fed taper expected sooner: CNBC survey - Wall Street has tightened its view of Federal Reserve policy in the months ahead and is now looking on average for the taper, or reduction in Fed stimulus to the economy, to come in February, according to the CNBC Fed Survey for December.

 

 

Bond Market Price Trend

 

 

Weekly Calendar

 

Date	ET	Release	For	Actual	Consensus	Prior	Revised From
16-Dec	8:30	Empire Manufacturing	Dec	1	5	-2.2
16-Dec	8:30	Productivity-Rev.	Q3	3.00%	2.70%	1.90%
16-Dec	8:30	Unit Labor Costs	Q3	-1.40%	-1.30%	-0.60%
16-Dec	9:00	Net Long-Term TIC Flows	Oct	$35.4B	NA	$31.3B	$25.5B
16-Dec	9:15	Industrial Production	Nov	1.10%	0.40%	0.10%	-0.10%
16-Dec	9:15	Capacity Utilization	Nov	79.00%	78.40%	78.20%	78.10%
17-Dec	8:30	CPI	Nov	0.00%	0.10%	-0.10%
17-Dec	8:30	Core CPI	Nov	0.20%	0.10%	0.10%
17-Dec	8:30	Current Account Balance	Q3	-$94.8B	-$101.0B	-$96.6B	-$98.9B
17-Dec	10:00	NAHB Housing Market Index	Dec	58	55	54
18-Dec	7:00	MBA Mortgage Index	14-Dec	-5.50%	NA	1.00%
18-Dec	8:30	Housing Starts	Sep	873K	915K	883K	891K
18-Dec	8:30	Housing Starts	Oct	889K	920K	873K
18-Dec	8:30	Housing Starts	Nov	1091K	950K	889K
18-Dec	8:30	Building Permits	Nov	1007K	983K	1039K	1034K
18-Dec	10:30	Crude Inventories	14-Dec	-2.941M	NA	-10.585M
18-Dec	14:00	FOMC Rate Decision	Dec		0.25%	0.25%
19-Dec	8:30	Initial Claims	14-Dec		333K	368K
19-Dec	8:30	Continuing Claims	7-Dec		2760K	2791K
19-Dec	10:00	Existing Home Sales	Nov		5.00M	5.12M
19-Dec	10:00	Philadelphia Fed	Dec		5	6.5
19-Dec	10:00	Leading Indicators	Nov		0.60%	0.20%
19-Dec	10:30	Natural Gas Inventories	14-Dec		NA	-81 bcf
20-Dec	8:30	GDP - Third Estimate	Q3		3.60%	3.60%
20-Dec	8:30	GDP Deflator - Third Estimate	Q3		2.00%	2.00%

What the new FHA mortgage limits mean for you

What the new FHA mortgage limits mean for you

Be Safe This Christam Season

Outrageous Christmas lights

Outrageous Christmas lights

Holiday Concert in Pomona.

Singing with the Ontario/Chaffey Show Band: Aimee Nolte, her husband John and children Miles, Ella, Charlie, and Louis.

By Diana Sholley, Inland Valley Daily Bulletin

Posted: 12/11/13, 3:37 AM PST |

Holiday concerts

THE RHYTHMS OF CHRISTMAS
Performed by: The Pomona Concert Band.
When: 7:30 p.m. Dec. 13
Where: Palomares Park Community Center, 499 E. Arrow Highway, Pomona.
Admission: Free; attendees are asked to bring an unwrapped gift to be donated to a child in need.
Information: www.pomonaconcertband.org
A HOLIDAY CELEBRATION
Performed by: The Ontario/Chaffey Community Show Band.
Where: Ontario Convention Center, 2000 E. Convention Center Way.
When: 7:30 p.m. Dec. 16
Admission: Free.
Information: www.showband.net

Holidays are filled with all the best things: bright lights, yummy edibles, gift exchanges, special decor and music.
This weekend the Pomona Concert Band and the Ontario/Chaffey Show Band will host free concerts adding to the season’s holiday spirit.
Tonight at Pomona’s Palomares Park Community Center the Pomona Concert Band will present “The Rhythms of Christmas.” Vocalists Isaac Gonzalez and Jenna Hindi will be featured in such seasonal favorites as “Happy Holiday” and “White Christmas.”
There also will be a special guest in attendance: Santa Claus. But this Santa will be collecting toys instead of handing them out to attendees.


Santa plans to collect unwrapped toys for the Santa-Cop Project sponsored by the Pomona Police Department. The Pomona Host Lions Club, which sponsors the Santa-Cop Project, also will collect canned food for the Beta Center at Hope Partners and used prescription eyeglasses.
On Monday at the Ontario Convention Center, the Ontario/Chaffey Community Show Band will present “A Holiday Celebration.”
Those arriving at least 30 minutes early can enjoy music by the Yeager Family Brass Ensemble, which will perform in the lobby.


Complimentary Starbucks coffee and refreshments will be served before and after the show.
The Ontario Chaffey Community Show Band, under the direction of Dr. Gabe Petrocelli and director emeritus R. Jack Mercer, is expected to perform a number of popular Christmas carols as well as “Jesu, Joy of Man’s Desiring” by Johann Sebastian Bach.
There will be many special guest appearances including jazz vocalist, pianist and composer Aimee Nolte, her husband John and children Miles, Ella, Charlie and Louis.


Aimee Nolte will perform “The Christmas Song,” “Santa Baby,” “My Grown-Up Christmas List” and “I Still Believe in Christmas” while her husband will sing “The Carpenter’s Boy,” an original Christmas song written by Aimee.
Also featured on the program is the Harmony Carousel, a men’s chorus affiliated with the Inland Valley Chapter of the Barber Shop Harmony Society. The group will sing “(There’s No Place Like) Home for the Holidays,” “We Need a Little Christmas,” “O Holy Night” and “It Came Upon a Midnight Clear.”


The concert’s finale is slated to feature all the soloists and audience participation in a special arrangement of “Silent Night.”

10 worst states for foreclosures - MSN Real Estate

10 worst states for foreclosures - MSN Real Estate

Rancho Cucamonga Councilman Steinorth to run for Assembly

By Neil Nisperos, Inland Valley Daily Bulletin

Posted: 12/09/13, 5:04 PM PST |

RANCHO CUCAMONGA >> The Inland Empire Taxpayers Association on Monday announced its endorsement of Rancho Cucamonga Councilman and businessman Marc Steinorth for the 40th Assembly District.
“With Assemblyman Mike Morrell running to fill the vacancy left by Sen. Bill Emmerson’s resignation, we need someone strong to step into the race for the 40th Assembly District,” said Chris Mann, IETA founder, in a statement. “We need to come together and rally behind one candidate early if we hope to be successful in November. Marc Steinorth is clearly the best positioned and most qualified person for the job.”

Steinorth announced his candidacy on Thursday.
“I am running for Assembly in 2014 to provide the small businesses and hard working families of the Inland Empire a voice in Sacramento,” said Steinorth in a statement. “I am flattered by the number of people who have asked me to run for this seat, and I plan on working very hard to win this election.”
Steinorth, who was elected to the City Council in 2012, is the owner of the Rancho Cucamonga-based Atlas Buying Group. He is a Republican.
San Bernardino County Supervisor Janice Rutherford and Rep. Gary Miller have also endorsed Steinorth.

“Marc has more than two decades of business experience that will bring badly needed jobs back to the Inland Empire,” said Miller. “I know he will be a solid voice for us in Sacramento and he has my full support.”
Steinorth faces Chaffey Joint Union High School board member Art Bustamante and Correctional Counselor Elvira Harris, both who are Democrats..
The district includes Rancho Cucamonga, San Bernardino, Redlands, Highland. Loma Linda, Lytle Creek and Mentone.