Monday, February 24, 2020

Daily Market Report 2/24/20 There are no economic data to report today, so Stocks are going off of Geopolitical news today.  As such, the coronavirus is having a much stronger impact on the global economy, as Investors are panicking.  The DOW is Down between 800-900 points and the NASDAQ is Down over 300 so far this morning.  The Yield Curve has become more Inverted and creating more worries over a looming Recession.  MBS is Up 16bps and fighting to get above it's Ceiling of Resistance; and the Yields have fallen to 1.36% and sitting currently at a lower floor of support.

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