Monday, June 6, 2022

Daily Market Report 6/6/22  There are no economic data to report today; and the week ahead is pretty light.  However, Friday, the CPI will be released and this could have a big impact with the Markets.  The Markets are continuing to assess the Fed's Policy with the current and future economic landscape; and monitor any more of the talk about reducing tariffs, as a method to bring down inflation.  As I noted in the video, prior to the spike with inflation, the tariffs didn't seem to have much impact with inflation; so, it seems to reason that this response may not really do much.  Stocks are Up today after another bad week, which Investors are buying on the Dip today.  Meanwhile, this has pulled investment dollars from MBS, along with more Corporate Bonds taking up more of the investment dollars.  So, MBS is currently Down about 50-52bps, which means that Friday's No Point loan will now cost about a half a point in discount fees.  MBS is breaking below it's 25 DMA today.  On the inverse side, Yields spiked above the 3% range (last seen about a month ago); and currently around 3.03%.

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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.

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