Wednesday's economic calendar: 7:00 MBA Mortgage Applications 10:00 Wholesale Trade 1:00 PM Results of $21B, 10-Year Note Auction 2:00 PM Fed's Beige Book 2:00 PM Treasury Budget 4:30 PM Daniel Tarullo speaks on Financial Stability Regulation. 4:45 PM Fed's Fisher: 'Europe's Crisis and the Welfare State: Lessons for the United States'