http://MikesDailyMarketReport.com: This week is light for economic data, which we have none to share today. Stocks are currently in Negative Territory, as Fed Chair Powell presented a speech this morning and reiterated the Fed's stance on more stimulus being needed from Congress; and it's better to give too much, than not enough. Otherwise, the economy will grow more slowly compared to receiving more stimulus; and more businesses may close and/or file for bankruptcy. MBS is fighting to stay above it's double floor of support (25- and 50 DMA); and currently Up 2bps. There's a lot of uncertainty in the Market, as the long wicks on both ends of the candle indicate. Mortgage Rates remain Unchanged from yesterday's close. Yields broke above a few Technical levels yesterday and sitting at 0.78%.
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