Tuesday, May 28, 2019

Daily Market Report 5/28/19

http://MikesDailyMarketReport.com:  Case Shiller Home Price Index indicates that home prices continue to slow down, having a 3.9% annualized growth in February to 3.7% in March.  Consumer Confidence Index represents the overall satisfaction by the Consumer with the standing of the US Economy, as it continues to rise from 129.2 to 134.2 in May.  Stocks are in Positive Territory this morning, as they still watch for any news on China/US Trade discussion, and prepare for a long, drawn out Trade War developing.  There was an announcement of a Merger between Fiat Chrysler and Renault that would make them the 3rd largest Auto producer by production.  President Trump met with Japan's PM Shinzo over the weekend.  Also, Investors are concerned over Italy, as the anit-Euro sentiment continues to win more elections there.  MBS is Up only 2bps, so Mortgage Rates remain Unchanged from last Friday.  Yields continue to slide, and have reached 2.29%.

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