Rosenberg Daily Soundbites

• Equity markets are mixed to lower across the planet; bonds are still bid
• Since February 7, S&P 500 has made no headway at all, yet
• Market risks brewing …which means it’s time to re-price the risk at a minimum; better yet to de-risk
• New housing market is still competing with the resale market which sells for a 20% discount
• Retail sales sluggish: We see for May that the chain store sales are coming at the very low end of the 3 - 3.5% sales target