Tuesday, April 7, 2020

Daily Market Report 4/7/20

http://MikesDailyMarketReport.com: The small business optimism fell to it's lowest level since Oct 2016, as the NFIB Small Business Index dropped from 104.5 to 96.4 in March.  Stocks are in Positive Territory again today on continued progress on coronavirus and possible news of another Stimulus package to be rolled out in May.  MBS started the morning lower, but is currently down only 2bps, as the Fed will prop it up with their daily purchases, which is why we're seeing it move in a sideways pattern.  Now, only if the FHFA will do it's part and help the Servicers, then we may be able to see some improvements with Lenders, as they struggle with several variables.  Yields are now Up to 0.75%.

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