Monday, December 9, 2019

Daily Market Report 12/9/19 There are no data to report from the Economic Calendar today. Stocks are currently Mixed, as the DOW sits as the only index in Negative territory. Investors are looking ahead, as they search for fresh info on any news on the US/China Trade Negotiations, as the date for Tariffs is this coming Sunday, the 15th. Meanwhile, we have a round of global Central Banks making their announcements this week, including our own Fed, whom begins their 2 day meeting tomorrow and make their announcement on Wednesday. Not much is expected at this meeting, but remain in Neutral territory. The ECB will have their announcement read this Thursday by their new ECB President, Christine Lagarde (former head of IMF). It was reported that China's exports dropped 1.1% in November. MBS is currently Up 2bps, so Mortgage Rates remain Unchanged from Friday. Yields sit at 1.82%. Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

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