10/30/09

Good morning. Most of the United States begins Daylight Saving Time at 2:00 a.m. on the second Sunday in March and reverts to standard time on the first Sunday in November. So by my calculations, that means that this Sunday here in the U.S. most of us “fall back” and it will dark by dinner time.
There is a great deal of news today, so we could see some continued volatility. We have already seen Personal Income and Consumption (Spending). U.S. consumer spending, as expected, fell in September for the first time in five months. Personal income was flat last month after rising slightly in August, also as expected. Later we have the Chicago Purchasing Manager’s Survey, along with a revision to the Michigan Consumer Sentiment numbers. After the news we find mortgages a shade better.
Have a great weekend