Thursday, March 28, 2019

Daily Market Report 3/28/19 Weekly Jobless Claims dropped a little further last week, which only 211k applied for Unemployment.  Last week, it was reported at 216k, and forecasts for today's report called for 222k.  The final revision for the GDP for Q4 in 2018 was revised lower, from 2.6% to 2.2%.  Indicating the economy is slowing down a bit.  Pending Home Sales dropped 1.0% from January to February, as the Midwest dealt with severe cold and snowstorms.  Stocks are trading in Positvie Territory this morning.  So far, there's no clear indication to which path Brexit will go.  Also, more progress has been made on the US and China Trade Talks.  MBS are Unchanged from yesterday, so Mortgage Rates will also be Unchanged.  Yields rose a little to 2.39%.

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