Thursday, May 30, 2019

Daily Market Report 5/30/19 Initial Jobless Claims rose from 212k (this was revised slightly higher from 211k) to 215k (same as forecast).  Still very low amount of people filing for Unemployment.  Q1 GDP was revised slightly downward, from 3.2% to 3.1%.  Many economists were forecasting it to drop to 3.0%.  So far, it's been a great start to 2019.  We've had very poor Q1 in the past, as bad weather contributed to the past low numbers. Stocks are trading in Positive Territory, as the rhetoric between the US and China's trade negotiations seemed to have subsided a bit for a day.  Investors were also concerned about the Inverted Curve deepening, as the Yields have been taking a bit of a beating since the China/US talks have broken off.  MBS is flat so far this morning, so Mortgage Rates are Unchanged.  Yields did climb back a bit from yesterday's low of 2.22% to 2.27%.

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