http://MikesDailyMarketReport.com: Today, we only have the Initial Jobless Claims to report from the Economic Calendar. Last week, it was reported that 234k people applied for benefits, which was lower than the previous week's 253k. These may be holdovers from the holidays, but we'll watch this data closely to verify any movements higher, as it will be a leading indicator toward a recession. Stocks are trading in the Red this morning, as Investors worry about the poor data out of the EU, as they are beginning to feel the slowdown has moved from China to the EU. MBS is benefiting, as it's up 13bps, which is an improvement with the pricing for Mortgage Rates. Yields have slid down to 2.66%.
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