Friday, December 13, 2019

Daily Market Report 12/13/19 Retail Sales disappointed in November, as forecasts called for 0.5% increase, and it just increased by 0.2%; and if you exclude Autos, then it only rose 0.1%.  Import Prices rose 0.2% in November.  Business Inventories rose by 0.2% in October.  Stocks started the morning in Positive Territory, as China made their own announcement of the trade agreement with the US; however, a few indexes dropped in the Red, as no specifics of the deal has been reported.  In the UK, the election results favored PM Boris Johnson, which is expected to carry out the Brexit plan, as he is expected to have the support in Parliament needed for it to be carried out.  MBS is Up 29bps, so Mortgage Rates have improved from yesterday's close.  Yields have slid down to 1.83%.

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