http://MikesDailyMarketReport.com: Retail Sales rebounded a bit in January, moving up 0.2%. Retail Sales, which excludes Autos, enjoyed more improvement, which went up 0.9%. These improvements were much needed after a very dismal December, which was the worst data in the last 10 years. Business Inventories rose 0.6% in December. Stocks are Up this morning on the data, even though the DOW is being weighed down abit by it's biggest component recipient, Boeing, after another Max 8 crashed in Ethiopa (2nd in past 6 months). Our thoughts and prayers goes out those families affected by the crash. MBS is down only 3bps so far this morning, so Mortgage Rates are Unchanged from Friday's pricing. Yields are holding in the 2.64% range currently.
Get the latest Updates by following me on Twitter @MikeBjork
Please subscribe to my Blog or stop by my YouTube Channel at MikesDailyMarketRpt
No comments:
Post a Comment