Friday, June 12, 2020

Daily Market Report 6/12/20 The Consumer Sentiment rose in June, going from May's 72.3 to 78.9 in June.  Stocks are trying to make up some of the losses from yesterday, as they are all trading in Positive Territory.  They're reflecting on higher reported cases of covid-19 in some states, which raises concerns of a 2nd Wave; comments from the Fed earlier this week; and recent comments by the IMF, whom mentioned that the global economy will be scarred from this, and it will take take to heal.  MBS is currently Down about 5bps, so Mortgage Rates remain Unchanged.  Yields are sitting between it's 25- and 50 DMA, as it's around 0.68%.

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