Home Business QE3 Starting To Get Priced In – Morning Update

QE3 Starting To Get Priced In – Morning Update

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Market newsEvery morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.

Today’s Top Stories:

  • FREE HF 13F Report: Next week the StreetofWalls team will be releasing the 4Q 2011 Hedge Fund Intelligence Report, free sign-up http://bit.ly/y2CMbx
  • Greece Update: There is a Eurozone finance ministers meeting scheduled for this Mon/Tues (2/20-21).  According to several press reports, the country will see a final decision made on its EU130B bailout
  • Fortress Decreases ACAS Stake: Fortress Investment Group disclosed that it decreased its position in the total outstanding common shares of American Capital (Nasdaq:ACAS) to 6.32% http://bit.ly/xEovkx
  • Wireless Spectrum: NYT article talks about how Congress will authorize the sale of public spectrum to help pay for the payroll tax dealhttp://nyti.ms/xXSbep
  • What Investment Bankers Do: This is a really funny slide floating around the street about what Investment Bankers do http://bit.ly/zsWq1C
  • QE3 Getting Priced In: suggestions from Fed officials that a QE3 program could get launched are helping to drive up mortgage prices (BBG)
  • Homebuilding Thoughts: “We think the last few months have brought further signs that a home improvement recovery is in bloom. While the stocks have started to discount a rebound, we think there is still significant room for the sector to flourish” (UBS)

Economic Calendar:

  • 8:30am: CPI, M/m, Jan., est. 0.3% (prior 0.0%)
  • 10am: Leading Indicators, Jan., est. 0.5% (prior 0.4%)
  • 10am: API monthly report
  • 1pm: Baker Hughes rig count

M&A Watch:

  • Weekly M&A Trends: This week saw some a big jump in M&A while ECM/DCM activity declined. Announced investment banking M&A doubled from the prior week to $80.9 billion, M&A volumes are still very low for the start of the year http://bit.ly/yuWbVv
Disclosure: I do not have a position in any stocks mentioned in this article, do not have a plan to initiate a position within the next 72 hours.
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