Thursday, April 18, 2019

Daily Market Report 4/18/19

http://MikesDailyMarketReport.com: Weekly Jobless Claims continue to drop, as they dropped from 197k to 192k last week.  Retail Sales rebounded, after dropping 0.2% in February, it jumped up 1.6% in March; and if you exclude Autos, then it jumped up 1.2%.  Manufacturing in the Philadelphia region dropped in April, as the Philly Fed went from 13.7 in March to 8.5 in April.  Markit Manufacturing PMI flash remained Unchanged in April at 52.4; whereas, the Services sector dropped from 55.3 to 52.9.  Business Inventories rose 03% in April.  Leading Indicators rose 0.4% in March.  Stocks are in Mixed Territory, as the DOW is the only index in Positive Territory.  Europe released more negative economic news, as it's PMI for both Manufacturing and Services dropped.  Investors will watch, as the DOJ release the Mueller Report to Congress.  MBS is Up 13bps, so Lenders will price Mortgage Rates better today.  Yields have slid down to 2.55% now.  The Markets will be closed tomorrow for Good Friday/Passover, so there will be no report on Friday, the 19th.

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Wednesday, April 17, 2019

Daily Market Report 4/17/19

http://MikesDailyMarketReport.com: Wholesale Inventories rose 0.2% in February.  Later today, the Fed's Beige Book will be released.  This will provide us with a more Micro view of our economy, broken down into regions.  Stocks are trading in Mixed Territory based on Mixed Corporate Earnings Reports released today.  Also, China reported it's Q1 economy maintained it's 6.4% YoY growth, same as it's Q4 results.  MBS is Up 3bps, so Mortgage Rates remain Unchanged, as this whole week has been moving in side ways pattern.  Yields have risen to 2.59%.

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Tuesday, April 16, 2019

Daily Market Report 4/16/19

http://MikesDailyMarketReport.com:  Industrial Production dropped 0.1% in March, even though forecasts called for a rise of 0.1%.  On the same report, Capacity Utilization dropped from 79.0% to 78.8%, even though, it too, called for a rise on it's forecasts.  Home Builder's Confidence is slowly rising again, as it's Home Builder's Index rose from 62 to 63 in April.  Stocks are Up this morning on more good Q1 Corporate Earnings Reports.  MBS is down 5bps, but Mortgage Rates remain Unchanged.  Adding to the pressure to MBS is the rising Yields, which are currently 2.58%.

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Monday, April 15, 2019

Daily Market Report 4/15/19

http://MikesDailyMarketReport.com: Manufacturing rebounded in the NY region, as the Empire State Index rose from 3.7 to 10.1 in April.  Stocks are trading in Negative Territory, as a few financial institutions provided their Q1 Earnings Reports and disappionted the Markets.  MBS is only up 2bps, so Mortgage Rates are Unchanged from Friday's pricing.  Yields are still applying pressure to MBS and are currently up to 2.56%.

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Friday, April 12, 2019

Daily Market Report 4/12/19

http://MikesDailyMarketReport.com: Consumer Sentiment dropped from 98.4 to 96.9 on it's Index in April.  Stocks are Up this morning on strong Q1 Earnings Reports today by some of the nation's largest banks, which is indicating a continued robust economy.  Also, China is seeing positive effects from it's stimulus, as more credit applications rise.  MBS is currently down 11bps, that coupled with yesterday's losses, will lead Lenders to worsen Mortgage Rates today.  Yields have now jumped up to 2.55%, adding more pressure to MBS.

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***Sorry for not getting out my video yesterday.  The video was made, but I could not get it uploaded onto YouTube.  I'll try uploading yesterday's video again today.*****


Wednesday, April 10, 2019

Daily Market Report 4/10/19

http://MikesDailyMarketReport.com:  Consumer Priced Index, an inflationary gauge for the consumer, rose 0.4% in March, which it's YoY rose from 1.5% to 1.9%; however, when you remove the food & energy (variables that cannot be controlled), you will receive the Core CPI, which only rose 0.1% in March, and it's YoY dropped from 2.1% to 2%.  Later today, the FOMC Minutes will be released, so Investors will review how the Fed views Inflation currently and it's projections.  Stocks are in Mixed Territory, as the DOW is lone index in Negative Territory.  Investors will be watching the EU Summit in hopes to see if the EU will be granting an extension, possibly a long-term one, to the UK for their upcoming departure.  Also, the ECB announced no changes to their interest rates or monetary policies.  MBS are Up 11bps, which Mortgage Rates are currently Unchanged; but, it's possible that it could Improve during the day, as the Yields have dropped to 2.47% -adding less pressure to MBS.

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Tuesday, April 9, 2019

Daily Market Report 4/9/19

http://MikesDailyMarketReport.com: The NFIB Small Business, which gauges the Small Business' Confidence, increased 0.1 in it's index, going from 101.7 to 101.8 in March.  Job Openings shrank in February, as they went from 7.6 million in January to 7.1 million.  Stocks are in Negative Territory, as the US threatened new Tariffs ($11 Billion) on EU products in retaliation to their subsidies to Airbus.  PM May is meeting with Chancellor Merkel and PM Macron regarding the possibility of a delay to Brexit.  The IMF has revised for the 3rd time this year a lower economic growth for world economy.  MBS is down 13bps, which Lenders will price Mortgage a little worse today.  Yields are around 2.50%.

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