Friday, December 27, 2019

Daily Market Report 12/27/19 There's no data to report from the Calendar today.  Stocks are trading on light levels and in Mixed Territory so far this morning.  There was a report out of China that their November's Industrial Profits were Up and reversed several months of Negative Profits.  We're looking toward the signing of the Phase One Agreement sometime in January and Brexit.  Stocks have been on a pace, which it's daily breaking previous records, but it may be coming to some type of slowdown soon, as they're reaching a point that a correction may be warranted.  This could help Bonds/MBS.  MBS has had a few late mini rallies the last few days, which is helping its postioning.  It's currently Up 8bps and climbed above it's 25- and 50 DMA; and pushing up against it's 100 DMA.  You should see some slight improvement with Mortgage Rates with yesterday's late mini rally and today's improvement.  Yields have slid down to 1.88%.

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