Thursday, January 23, 2020

Daily Market Report 1/23/20 The Weekly Jobless Claims rose 6k to 211k for this week's report; however, these are relatively low numbers and a good indicator to the strength of the labor market.  This week's data holds more importance because it's part of the "sample" week, which is used as part of the Bureau of Labor's formula for the Jobs numbers that will be released in a few weeks.  Stocks are in the Red this morning on growing concerns over the Coronavirus, which China has locked down more cities in order to contain it, and the Death toll has reached 17 lives now.  Q4 Corporate Earnings are still being reported, and thus far, has been relatively good.  MBS is currently Up 13bps and pushing against it's ceiling of resistance.  Mortgage Rates will see some improvement in it's pricing.  Yields have fallen further and are currently around 1.72%.

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