Wednesday, January 16, 2019

Daily Market Report 1/16/19 Because of the Gov't Shutdown, we're not receiving a full report of Economic Data, such as Retail Sales, which would have been released today.  However, the Home Builder's Index shows it's confidence rising in January from 56 to 58.  Later today, the Fed Beige Book will be released, which will allow Investors to review the Micro Economics of the US, as each regional Fed reports it's findings.  The Stock Market is trading in Positive Territory, as BofA and Goldman Sachs have hit their Q4 numbers.  Also, lifting the Investors moods are news that China will be injecting $83 Billion into their Economy.  Later today, there will be a Vote of No Confidence for Theresa May in the UK after the defeat of her Brexit proposal yesterday.  It is expected that she will survive the vote.  MBS is down 6bps this morning and testing the Floor of Support.  Rates are about the same as it's been all week, as it's been trading in a Sideways pattern.  Yields have climbed up to 2.73%.                                                               

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