http://MikesDailyMarketReport.com: Retail Sales Improved by 0.3% in October; and when you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in October. Empire State Index, which measures the Manufacturing sector in NY region, dropped from 4.0 to 2.9 in November. Industrial Production slipped 0.8% in October. Capacity Utilization fell to 76.7% in October, which is at a 2 year low. Meanwhile, Business Inventories remain Unchanged in September. Stocks are Up this morning on the Retail Sales data and clinging to any hope of an announcement of a US/China Trade Agreement. They're trying to justify the New Highs in the Indexes, but they're growing impatient. MBS is Down 5bps this morning and is sitting above the 25- and 100 DMA, but right up against the 50 DMA. Mortgage Rates remain Unchanged this morning. Yields are currently sitting around 1.83%.
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