Wednesday, May 27, 2020

Daily Market Report 5/27/20w We'll be able to get a better view of the US Economy when the Fed releases their Beige Book around 11am PST today.  This provides a Micro view of each region of the US.  Stocks started the morning off in Positive Territory; however, Technology Stocks started to go into the Red, as tensions continue to mount with China and the concerns with protests in Hong Kong.  This brought the NASDAQ into Negative Territory.  MBS also, started in the Red and just above it's 50 DMA this morning, but has since moved upwards (Up 13bps currently) against it's 25 DMA now.  As the 25- and 50- DMA begin to tighten, the MBS will need to choose which side of the lines it will move.  We'll be watching this very carefully!  Yields have slipped down to 0.67%.

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