http://MikesDailyMarketReport.com: Retail Sales MoM of 0.6% was a bit of disappointment for Investors this morning; and when you exclude Autos, it only went up 0.7% for August. Not to be surprised, but NAHB Home Builders Index rose from 78 to 83 in September, as confidence is rising among Home Builders. Business Inventories only increased by 0.1% in July. Stocks have been in Mixed Territory, but have since moved in Positive Territory, as it awaits the FOMC Announcement and it's Press Hearing. This will be a very interesting Press Hearing after the Fed announced a "Big" change to their policy about 2.5 weeks ago. There will be a lot of questions and interest to see if it was a prelude to something more to come (being announced at this meeting). MBS is currently Down 2bps; however, Mortgage Rates remain Unchanged from yesterday's pricing. Yields still sit between it's 25 DMA and 100 DMA; just under 0.68%.
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