Wednesday, March 27, 2019

Daily Market Report 3/27/19 Nothing to report on the Economic Calendar today.  Stocks are modestly Up this morning.  Investors continue to monitor the Brexit news, as we approach the new deadline in about 2 weeks.  Also, adding fuel is the dropping Yields, which the 3 month inverted on the 10 year.  We're coming closer between the 2 year and 10 year.  When the Yields invert, then it's a sign of a recession ahead (approximately 18-24 months).  This on top of the Brexit, is starting to cause a flight to safety, so more funds are funneling from Equities (stocks) and into Bonds/MBS.  MBS is now Up 13bps this morning, so Mortgage Rates will improve today.  Yields are now down to 2.38%.

Please subscribe to my Blog post and/or my YouTube Channel at MikesDailyMarketRpt

No comments:

Post a Comment