Tuesday, October 27, 2020

Daily Market Report 10/27/22

 http://MikesDailyMarketReport.com:  Durable Goods jumped up 1.9% in September (greater than 0.5% forecasts).  When you exclude "big ticket" items, like Transportation, it went up 0.8%.  Case Shiller jumped from 3.9% YoY in July to 5.2% in August.  Huge Increase!  However, Consumer Confidence dipped a little bit, from 101.8 in September to 100.9 in October.  Stocks are trading in Mixed Territory, as the DOW continues it's decline; S&P dipping it's toes back and forth between positive and negative territory; and NASDAQ is in Positive Territory.  A Merger between AMD and Xillinix was announced, which is helping to prop up the NASDAQ, along with upbeat Corporate Earnings Reports.  MBS is Up 5bps and trying to break up against it's 50 DMA again, after it lost some ground yesterday (closing +13bps).  Mortgage Rates remain Unchanged from yesterday's pricing.  Yields fell below an important Technical yesterday, and still drifting lower (sitting aroun 0.78%).

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Also, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then either direct message me, or visit http://michaelb.swmcretail.com

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