Tuesday, January 8, 2019

Daily Market Report 1/8/19

http://MikesDailyMarketReport.com: Today's Market News is mostly carryover sentiment from Friday's and Monday's news.  NFIB Small Business Index slid a bit, from 104.8 to 104.4, in December, as most of the Small Business owners were concerned about not finding the qualified rker.  Also, Job Openings shrank from  7.1 million to 6.9 million in November.  Stocks are trading in Mixed Territory, as Samsung reported worse than expected warnings for Q4 Profits, and is pulling NASDAQ into the Red.  MBS is currently down 8bps and is pushing against a strong floor of support, which is important, because it represents the trend line; if broken, then can set up bonds for a big fall, thus higher interest rates ahead!  Yields seem to be set at 2.70%

For more updates throughout the day, then please follow me on Twitter @MikeBjork

Please subscribe to my Blog or visit my YouTube Channel at MikesDailyMarketRpt



 

No comments:

Post a Comment