Tuesday, January 7, 2020

Daily Market Report 1/7/20

http://MikesDailyMarketReport.com:  The ISM Non-Manufacturing Index, which is the "Gold Standard" index in it's reports of the health of the Services Industry, rose from 53. 9% in November to 55.0% in December.  This followed the same trend as yesterday's Markit Services PMI data, but a greater jump upwards.  Factory orders dropped 0.7% in November.  Stocks started the morning in Mixed territory, as it struggled yesterday and closed in Positive territory, but it currently went into Negative mode, as concerns outweigh everything else over the Middle East tensions.  Investors are deciding where to place their money.  MBS is currently down 3bps, but Mortgage Rates remain Unchanged from yesterday's pricing (same as Friday's pricing too).  Yields have climbed upward to 1.81% o 1.82%.

Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

No comments:

Post a Comment