http://MikesDailyMarketReport.com: There are no economic data to report today. It's fairly slow in the Markets, as NASDAQ remains the only index in Positive Territory; and Investors shift their bets ahead of the FOMC, which begins tomorrow. The FOMC is the Fed's 2 day meeting, which they gather every 6 weeks. Investors will be watching for their statements on inflation and discussions on Tapering; along with any updates on the Dot Pot (for future rate hikes). Meanwhile, there was a big selloff with MBS today, as it's currently Down 23bps; so, Mortgage Rates took a bit of a hit this morning. It broke below both it's 25- and 50 DMA. Yields inversely broke above it's Technical Ceiling (at the 1.47% range) and is approaching it's 100 DMA.
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