Tuesday, December 3, 2019

Daily Market Report 12/3/19

http://MikesDailyMarketReport.com: We don't have any data from the Economic Calendar today; however, tomorrow will kick off with the first of 3 Jobs data to be released this week with the ADP Report. Stocks are heavily in the Red today, as comments by President Trump regarding a Chinese Trade Agreement happening any time soon is souring the Markets; along with more Tariff talk (not only Argentina/Brazil from yesterday's reports, but also upcoming Tariffs on Chinese goods on Dec. 15th, and EU for illegal subsidies to AirBus. MBS is rallying on this news, as it's Up 42bps, so Mortgage Rates improve. Yields have fallen all the way down to 1.70% (below all of it's previous floors of support). Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

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