Thursday, April 25, 2019

Daily Market Report 4/25/19 Weekly Jobless Claims had a big spike last week, as 230k people applied for Unemployment Benefits.  This is up from 193k the previous week.  This will be something we watch to determine, if we've hit the bottom and start rising, or this may be an anomaly.  Durable Goods rebounded nicely in March, rising 2.7% (without Transportation, it rose 0.4%).  This is a nice rebound after declining 1.1% in February.  Stocks are trading in Negative Territory this morning, as they take their cue from Q1 Corporate Earnings Reports and Business Forecasts.  MBS is down 3bps, so Mortgage Rates remain Unchanged from yesterday's Rates.  Yields are still at 2.53%.

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