Friday, October 23, 2020

Daily Market Report 2/23/20 The Markit Manufacturing PMI modestly rose by 0.1 to 53.3 in October; while it's couter-part, Markit Services PMI rose from 54.6 in September to 56.0 in October.  Stocks are trading a little light this morning and in Mixed Territory (S&P is only index in Positive Territory), as Investors continue to watch for any progress toward a new Stimulus Package.  Some Good News for Gilead, as it's remdesevir drug for hospitalized COVID patients gained FDA approval.  The Q3 Earnings Reports continue to be release, however, nothing big to report there.  MBS started lower, just above it's 100 DMA, and have moved upward, which it's currently Up 5bps from yesterday's close.  Mortgage Rates should be Unchanged from yesterday's pricing.  Yields seem to be showing some early signs of slowing down, as it topped 0.86%, but has since pulled back down to 0.84%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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

No comments:

Post a Comment