Monday, May 4, 2020

Daily Market Report 5/4/20 Factory Orders dropped by 10.3% in March.  Stocks are mostly down, but Mixed presently, as NASDAQ is the only index to jump into positive territory.  Investors are reviewing the Presidents and other Officials comments about US and China's relationship, which seems to have dissipated further after the coronavirus.  They're concerned over a possible Cold War.  Meanwhile, both MBS and Yields are testing thier 25 DMA.  Let's hope they hold.  MBS is currently Down 8bps; so depending on the Lender, Mortgage Rates have either remained Unchanged or Worsened a little bit.  Yields are currently at 0.63%.

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