Tuesday, November 12, 2019

Daily Market Report 11/12/19

http://MikesDailyMarketReport.com: The NFIB Small Business Index, which is an index that measures the confidence level with Small Businesses, rose from 101.8 to 102.4 in October.  Stocks are in Positive Territory, as they await a speech from President Trump today.  It's anticipated that he'll speak on Tariffs and Trade.  We'll have a few Fed Members speaking today, but lately, there hasn't been any Market moving comments by any of the Members.  MBS is currently Down 5pbs and is floating in "No Man's" land between it's new floor of support (Fibonacci level) and ceiling of resistance (100 DMA).  Yields are still just above it's Fibonacci and just a hair below 1.95%. Mortgage Rates haven't changed since Friday's pricing.

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