Tuesday, January 14, 2020

Daily Market Report 1/14/20

http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped 2 points to 102.7 in December.  On the inflation front, we have the Consumer Price Index, which rose only 0.2% in December, below it's 0.3% forecasts; and it's YoY rose from 2.1% to 2.3%.  The Core CPI rose 0.1% in December and it's YoY remained Unchanged at 2.3%.  Stocks are trading rather lightly this morning, as we begin the Q4 Corporate Earnings Reports.  Today's releases were Mixed, as are the Indexes.  MBS is Up 5bps, so Mortgage Rates remain Unchanged from yesterday's pricing.  Yields have slid below the 50 DMA and sit around 1.82%.

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