Look Ahead: Housing Starts

With Spanish 10 year bond yields solidly above 7%, the focus will remain on Europe, especially Greece and Spain. And there will be another meaningless statement from the G20 tomorrow, which reminds me of this great line (and funny commentary) from Matthew O'Brien at the Atlantic: 'Call Me Maybe' Explains the Euro Crisis—Seriously

The only thing more maddening than "Call Me Maybe" is the euro crisis. One is a banal string of saccharine statements, punctuated by swift choruses of action. The other is a pop song. And neither will go away.

• At 8:30 AM ET, Housing Starts for May will be released. The consensus is for total housing starts to increase to 720,000 (SAAR) in May, up from 717,000 in April.

• At 10:00 AM, the BLS will release the Job Openings and Labor Turnover Survey for April. The number of job openings has generally been trending up.


Did I mention Spanish 10 year bond yields are above 7%?