http://MikesDailyMarketReport.com: We don't have any economic data worth noting today; however, tomorrow will begin the higher impact data (with the big inflation data, PCE, on Friday). We haven't been getting much activity in the Markets over the past few days due to concerns on inflation and there hasn't been much high impact reports; so, Friday's data could be a bit of a catalyst for the Markets. Stocks are Up a little bit this morning, as the Small Cap comanies seem to be the popular trend today. MBS is Down 5bps this morning as it's current position sits in No Man's land (between 50- and 100 DMA). The last time we touched the 100 DMA, then MBS sank a bit; so, be careful in this territory -especially ahead of the important inflation data on Friday. Mortgage Rates remain Unchanged from yesterday's pricing. Yields are testing it's Technical floor, which appears to be holding. It's currently at 1.56%
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