Tuesday, March 12, 2019

Daily Market Report 3/12/19

http://MikesDailyMarketReport.com: Confidence with Small Business Owners gained some strength in February, as the NFIB Small Business Index climbed from 101.2 to 101.7.  Consumer Inflation dropped a smidge in February.  Consumer Price Index went up 0.2%, while it's YoY dropped from 1.6% to 1.5%.  When you remove food and energy, then you have the Core CPI, which is what the Fed reviews more closely.  The Core CPI rose only 0.1% in February, and it's YoY dropped from 2.2% to 2.1%.  Stocks are Up again this morning, as the DOW again is still being weighed lower due to Boeings' stock loss.  There is a Brexit Vote tonite by the UK Parliament after PM Theresa May gained some concessions from the EU.  Of course the Markets will be watching this very closely, as we are approaching the finish line for their March 29 deadline.  MBS is Up only 0.2%, as Mortgage Rates continue to remain Unchanged.  Yields have slid a bit further to 2.63%.

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