http://MikesDailyMarketReport.com: There's nothing on the Economic Calendar today! Next week will be a short week, due to Christmas! Most of the important data next week will be on Wednesday! Today, Stocks are Mixed; as DOW and S&P are Down on global Central Banks becoming a bit more hawkish. NASDAQ is Up today, as Treasuries have dropped below 1.40%. NASDAQ is made up of primarily High Growth type stocks which Treasuries affect their profit (low number means more profit; whereas, high number is opposite). MBS broke above their 25 DMA yesterday (Up 34bps) and today is in process of breaking above it's 50 DMA; and currently Up 19bps. Pricing for Mortgage Rates have improved today. Meanwhile, Yields fell below it's Technical floor today and sits between 2 Technicals (around 1.38%).
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