Thursday, April 1, 2021

Daily Market Report 4/1/21 Initial Jobless claims jumped up this week from last week's revised 658k people applying for first time benefits to 719k.  Tomorrow will be the Jobs data from the Bureau of Labor Statistics (BLS).  ISM Manufacturing PMI reiterates all of the other manufacturing data that it's getting hot.  It rose from 60.8 in February to 64.7 in March, which is the highest since 1983.  Last of all, Construction Spending dropped by 0.8% in February.  Stocks are Up today after a pretty choppy March.  Investors are reviewing the newly introduced $2.3 Trillion Infrastructure Package that will raise corporate taxes.  MBS are having a good start to the month, as they're up 23bps; so, Mortgage Rates will show some improvement today.  Yields have slid down to 1.67%.

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 please direct message me.

No comments:

Post a Comment