http://MikesDailyMarketReport.com: The Durable Goods Orders disappointed in March, as it reported only 0.5%, as forecasts called for 2.3%. However, when you exclude Transportation, then it came in at 1.6%. This was due to some order cancellations with Boeing; so these large Transportation numbers can really influence the outcome. Stocks are Mixed today, as the DOW is the lone index in the Red. Q1 Corporate Earnings reports continue to be overall very good. We expect some high impact influencers reporting this and next week. MBS started the morning much lower (toward lower end of it's trend line), but has responded a bit more postively and is currently Down 6bps. Yields started the morning up much higher (surpassing it's 50 DMA and Technical ceiling), which it's now down to about 1.57% (just above it's 50 DMA).
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