Catching up on the 10 a.m. US economic data

Today was heavier than yesterday, most of the good stuff came in at 10 a.m., here's brief review so we can continue to track the US economic data trend that was so instrumental in driving the market higher in the first quarter of the year (seasonal adjustment be damned, headlines are all that seem to count to equities, although credit is a lot more savvy).

10 a.m.

New Home Sales
Released On 4/24/2012 10:00:00 AM For Mar, 2012

	Prior	Consensus	Consensus Range	Actual
New Home Sales - Level - SAAR	313 K	318 K	305 K to 335 K	328 K

This looks like a beat, above consensus and above the prior, the problem is as usual, the prior was revised higher today to 353k, making today's print not look so hot with expectations of a 1.9% gain, the month to month rate was a -7.1% drop.

Consumer Confidence

Released On 4/24/2012 10:00:00 AM For Apr, 2012

Prior Consensus Consensus Range Actual Consumer Confidence - Level 70.2  69.7  66.9  to 72.5  69.2 Consumer Confidence missed, albeit not by a huge amount, the m.o.m change was more troubling. Richmond Fed Manufacturing Released On 4/24/2012 10:00:00 AM For Apr, 2012 Prior Consensus Consensus Range Actual level change 7  8  4  to 10  14  Here we saw a solid beat. The only thing left today is a 2 year note auction.