Succinct summation of week’s events: Positives 1)With all the fears of Spanish and Italian spillover from Greece, both stocks and bonds in each are little changed on week. 2)French feel good with new Pres as consumer confidence rises to best since Nov ’10. 3)German consumer confidence holds at just .2 pts from highest since Mar ’11. 4)April New Home sales total 343k annualized, above expectations and the 2nd best over the past 2 yrs. 5)Apr Existing Home sales a touch above estimates but months supply rises to 6.6 from 6.2. 6)With mortgage rates hitting another new low, refi’s up 5.6% to 14 week high. 7)UoM confidence ... (full story)