Thursday, January 30, 2020

Daily Market Report 1/30/20 Weekly Jobless Claims dropped from the revised (+12k) previous week of 223k to 216k last week.  The revision is important because it happened on the data for the "sample" week, which will be used as part of the calculation for the Jobs numbers by the Bureau of Labor next Friday.  Q4 GDP continued at the 2.1% rate, which was the same pace of the Q3 report.  Stocks are in Negative Territory, as concerns grow over the coronavirus, which is leading the World Health Organization to meet.  We continue to see more Q4 Earnings Reports, which have been pretty positive for the most part.  MBS is Up 8bps, but Mortgage Rates continue to remain Unchanged.  Yields are down to 1.55%.

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