S & P / Case-Shiller home prices Tuesday morning expected to rise 0.3 percent. Consumer confidence Tuesday expected to dip to 63.5 from 64.9. Third estimate of Q1 GDP expected to be unchanged at an anemic 1.9 percent. University of Michigan consumer sentiment on Friday expected to dip to 74.1 from 79.3. E.U. summit with big stales for both the continent and the White House begins on Thursday.
The Obama Administration and many investors want to see some bold, German-supported moves to take the risk of big defaults (Italy, Spain) and global contagion off the table. Early reports suggest such bold moves are not likely. Both Greece's new prime minister and finance minister have said they will not attend due to illness. OECD report on US economy released on Tuesday, House Ways and Means hearing on capital gains takes place Thursday.
Until Next Monday, Adios.