http://MikesDailyMarketReport.com: 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%.
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