Data on the weak side:

CPI

• Initial claims unch at 505k (prior week revised up 3k)
• Total ongoing benefits up 81k
• Some saying that standard error of claims-based model as a predictor of NFP may lead to a CHANCE of positive payroll growth in November

Housing

• Philly Fed up 5.2pts to 16.7
• Prices paid down 6.4, orders up 8.6, inventories up 14.5, employees up 6.3
• Going in opposite direction to Empire survey earlier in week, but converging to similar levels
• Modest expansion in manufacturing

Latest foreclosure chart (loans in foreclosure as a % of total loans)