April 2012 San Diego Events

April 5
East Village Opening Day Block Party

Padre fans!  An East Village block party in celebration of the opening day of the Padres baseball season.  The event will have retail merchandise, great music, a beer garden and food court.  Come on down and mingle, eat, drink and have fun.

Time:  11:30 am – 6:00 pm
Location:  East Village – Downtown San Diego, J Street, between 7th & 10th Ave.

For more information visit www.eastvillagesandiego.com
 

April 7
ACT Today 5K

This event offers a 5K run, 10K run and kids runs--accompanied by a post event festival of music, beer, food, and inflatable jumpers.  Event proceeds benefit...

Financial Market Update

This Week; the FOMC meets on Tuesday. The Fed has been talking about the economy not being as solid as what markets believe and there are a few members that want the FOMC to withdraw its pledge to keep rates low through 2014. There are other members that talk about another easing move with the Fed buying more MBSs and treasuries. The statement at 2:15 on Tuesday should be interesting given the differences od opinions within the FOMC. Treasury will auction $66B of notes and bonds beginning on Monday with $32B of 3 yr notes. Economic data has PPI and CPI, Philly Fed business index (expected to have improved in March), Feb retail sales (+0.7%), and Feb data on manufacturing with industrial production and capacity utilization.  

Euro-area finance ministers meet to sign off on the latest Greek bailout and discuss crisis-fighting measures in Spain and Portugal. Greece got its funds to avoid default but based on definition the bailout with bond holders taking huge losses is considered defaulting. The bond market continues to move in a very tight range with no particular direction; interest rates have been little changed since late October, in a 15 to 20 basis point range on the 10 yr note and 6 to 10 basis points on 30 yr mortgage rates. With the fed keeping short rates at zero there is little likelihood the long end (10 yr and mortgages) will increase much. That said, we still hold that rates have seen their lows and any significant move lower is also unlikely as long as the economy is seen as recovering.

TBWS

Financial Market Update

This Week; the big data is on Friday with the Feb employment data. Early estimates are for the unemployment rate to remain at 8.3%, non-farm jobs up 207K and non-farm private jobs up 220K. Monday the Feb ISM services sector report will draw attention, estimates call for the index to decline slightly to 56.0 from 56.8 in Jan; a weaker index reading will aid the bond market somewhat. Interest rates were literally unchanged last week with the key 10 yr note very comfortable in its four month long range between 2.10% and 1.90%. Europe’s debt crisis is still out there but has settled a little with Greece getting the funds necessary to avoid defaulting later this month. Attention in Europe will now increasingly focus on Spain as it refuses to adopt the stringent austerity programs forced on Greece.  

The bond and markets are in narrow trading ranges, they will likely continue there until another new fresh fundamental comes along. We continue to believe interest rates have seen their lows, however we are not expecting any significant increase in rates in the near future. Last week Bernanke made it clear the Fed was not thinking about another easing move at the moment, that kind of roiled the equity markets momentarily. The differences of opinion remain between the Fed and private forecasters. The Fed remains concerned the economy is not on solid footing, while private investors continue to bid up equity prices on belief the US economy is slow but solid.

TBWS

March 2012 San Diego Events


March 2 - 4
Spring Home/Garden Show

The San Diego Spring Home/Garden Show has hundreds of different exhibits including home improvement products, furnishings, decorating & remodeling ideas, garden displays, and flowers and landscaping.

Time: Sat: 10:00 am - 6:00 pm / Sun: 10:00 am - 5:00 pm
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd.

For more information visit www.springhomegardenshow.com

March 3
64th Annual Ocean Beach Kite Festival

A fun day of festivities including...