http://MikesDailyMarketReport.com: The Empire State Index, which measures manufacturing in the NY region, came in at 4.9 on it's December index, after it posted a 6.3 previously. The Capacity Utilization improved from 72.8% in October to 73.3% in November; while Industrial Production had a revision in October from 1.1% to 0.9%. It's November data came in at 0.4% Stocks are Up this morning on increased talk on a new bipartisan stimulus package that will contain provisions from both factions. Als, the FDA will meet this week on the Moderna vaccine, which had a high efficacy rate. MBS are currently Down 5bps, which isn't enough to see any changes with Mortgage Rates so far today. Yields held up on their 25 DMA and are trying to push higher, as to be expected when talking about more stimulus (or government spending). It's currently sitting just under 0.91%.
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