Friday, October 25, 2019

Daily Market Report 10/25/19 Consumer Sentiment dropped a little in October, from 96.0 to 95.5.  Stocks are Up this morning.  Still taking it's lead from Q3 Earnings Reports.  In general of those that have reported, about 75% to 80% have hit or exceeded expectations.  EU is still working on a path for Brexit after Macron voted against an extension to the UK.  China has asked the US to cut planned Tariffs in which they'll buy more agriculture. Next week will be a full week with Jobs data and the FOMC.  MBS is Up 5bps and still running parallel to the 100 DMA, as it's trying to climb above it.  Mortgage Rates remain Unchanged.  Yields are also trying to climb above it's Fibonacci level and sitting at 1.77%.

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