Good morning contrarians! It’s a busy morning as corporate earnings trickle in: $JNJ was mixed while maintaining full-year guidance and apparently hiking its dividend. $HAS also mixed though reinstituting its share buyback program. $HAL beat top- and bottom-line forecasts.

At 0830 we’ll get building permits and housing starts from the U.S. Census Bureau. That could be pretty significant where the health of the real estate market is concerned.

This and more is discussed with you in today’s briefing and podcast, now live here: