Monday, June 24, 2019

Daily Market Report 6/24/19 The Economic Calendar is light today, so the Geo-Political will have the most affect on the Markets today.  Stocks are in Mixed Territory, as NASDAQ is currently in the Red.  Investors are looking ahead to the G20 Summit in Japan, which begins Friday, when it is expected that President Trump and Jinping will speak and hopefully work thru the detente in the Trade Negotiations.  Also, Investors are watching the US and Iran's tensions mount, as the US looks to increase sanctions on Iran.  Currently, the MBS is Up 11bps.  Not quite enough to improve Mortgage Rates from their disappointing end to Friday.  Yields are trying to fall below it's floor of support, after breaking above it Friday.  It's currently sitting just below the Fibonacci level at 2.01%.

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