http://MikesDailyMarketReport.com: Weekly Jobless Claims rebounded a bit from last week's numbers, going from 230k to 221k. Obviously, this is data we're watching to see if it continues to rise, as it will indicate a recession in the near future. Manufacturing in the Philadelphia region rebounded quite nicely in March, as it came back from -4.1 to +13.7. Also, Leading Indicators picked up 0.2% in February, which indicates economy improving. Stocks are Up on the Fed's very dovish announcement yesterday, as they indicated there will not be any rate hikes in 2019 and the Balance Sheet reduction will end in September. Also, they see the economy slowing, as well as, inflation. President Trump tweeted that he may keep the Tariffs in place even after an Agreement has been made with China. This might be fuel to the fire with negotiations. It was reported that more meetings have been scheduled between the Upper level Negotiators in the coming weeks. MBS is Unchanged after yesterday's Rally, which led Lenders to re-price during the day for better Mortgage Rates. Yields have really slipped. It was reported earlier this week that Yields were as high as 2.62%, which they're now at 2.52%.
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