Friday, March 22, 2019

Daily Market Report 3/22/19 Markit Manufacturing flash PMI dipped from 53 to 52.5 in March.  It's counter-part, Markit Services flash PMI also dipped from 56 to 54.8 in March.  Existing Home Sales had a nice boost in February, as it jumped up to 5.51 million annualized units, compared to 4.93 million annualized units in January.  Wholesale Inventories rose 1.2% in January.  Stocks are in Negative Territory on poor economic data out of Europe, as it reminds Investors that the economy is slowing.  Also, President Trump was interviewed this morning on one of the news channels and reiterated that an Agreement is close with China and may continue to keep Tariffs in place for an extended period, even after Agreement is reached to ensure compliance by China.  MBS is currently Up 20bps, which Mortgage Rates improve.  Yields have slid down to 2.45%.

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