1/21/10

Today we’ve already had Jobless Claims, soon will have the Philly Fed, and later will have next week’s Treasury auction announcement. (The Fed also meets next week.) Jobless Claims unexpectedly rose last week as claims delayed from the year-end holidays were pushed through
Goldman Sachs Group reported fourth-quarter net income of $4.95 billion compared with a loss of $2.12 billion a year earlier (amazing!). Overall the markets are quiet, with mortgage prices unchanged.