Market Update 08-29-2008 - 08/29/08 12:56 PM
US Stocks are down across the board on mixed economic news, and persistent inflationary trend. Mortgage Bonds have given back much of yesterday's gains, but are still trading at their 100 day average.
Stocks took their cue from the Personal Consumption & Expenditure (PCE) measure of inflation which came in with its … (0 comments)
|
Market Update 08-28-2008 - 08/28/08 12:18 PM
US Stocks got a huge boost today on revised GDP numbers, and the Dow is now up nearly 200 points. Mortgage Bondshave held fairly steady most of the morning, despite this economically friendly news, but are facing pressure as capital flows toward Stocks.
Stocks are up across the board as the government … (1 comments)
|
Market Update 08-27-2008 - 08/27/08 01:16 PM
US Stocks are posting solid gains with the Dow up over 100 points on the strength of a much better than expected Durable Goods report. Mortgage Bonds are also positive for the day, which is an abnormal reaction to the positive Durable Goods numbers.
Stocks are taking a positive cue … (1 comments)
|
Market Update 08-26-2008 - 08/26/08 03:07 PM
US Stocks are enduring a See Saw day on light volume trading, and more mixed message economic reports. Mortgage Bonds are positive for the day, but have mimicked the up & down day of Stocks.
Stocks got some welcome news early when the University of Michigan Consumer Sentiment Index showed … (1 comments)
|
Market Update 08-25-2008 - 08/25/08 01:14 PM
US Stocks are dropping significantly today as the Dow is down over 200 points with all 30 of it components having gone negative. Mortgage Bonds are enjoying the benefit of some of this capital "fleeing to safety", and landing in Bonds.
Stocks are retreating from last Friday's gains, weighed down … (1 comments)
|
Market Update 08-22-2008 - 08/22/08 01:50 PM
US Stocks are on a strong rally today as Oil prices fall back, and Fed Chairman Ben Bernanke eases inflations fears. Mortgage Bonds are struggling to hold their recent gains against the flow of capital toward Stocks.
Stocks are posting strong numbers with the Dow currently up by close to … (0 comments)
|
Market Upate 08-21-2008 - 08/21/08 01:01 PM
US Stocks are trading mostly in the negative on more concern over the fate of Fannie, and Freddie, as well as the Financial Sector, plus a sharp rise in Oil. Mortgage Bonds began the day up from yesterday's strong gains, but are currently lower after this morning's chaotic trading.
Stocks are on … (0 comments)
|
Market Update 08-20-2008 - 08/20/08 12:21 PM
US Stocks have reversed course, and turned positive for the day as higher inventory levels of Crude Oil push back futures pricing, and HP posted strong gains for the Tech sector. Mortgage Bonds have broken above their 50 day moving average, and are trading near their best levels in over a month.
… (2 comments)
|
Market Update 08-19-2008 - 08/19/08 01:06 PM
US Stocks are trading in the red again today on continuing credit concerns, weak housing data, and increased inflation at the wholesale level. Surprisingly, Mortgage Bonds are mostly flat again today, having held on to Friday's gains through Monday despite encountering technical resistance at the 50 day average.
Stocks are continuing … (0 comments)
|
Market Update 08-18-2008 - 08/18/08 11:46 AM
US Stocks are down on the day over general economic uncertainty, despite declining Oil prices. Mortgage Bonds are mostly flat, trading in a very tight range between their 25, and 50 day moving averages.
Stocks ended last Friday mostly higher on the strength of giant bond insurer's MBIA, and Ambac regaining their … (1 comments)
|
Market Update 08-14-2008 - 08/14/08 02:09 PM
After stumbling out of the gate, US Stocks have recovered, and are solidly positive on the day despite a disappointing Labor report, and higher than expected inflation. Mortgage Bonds also seem to be immune from inflation's sting, trading in a tight range, and slightly up for now.
Stocks are ignoring … (1 comments)
|
Market Update 08-13-2008 - 08/13/08 12:04 PM
US Stocks are falling hard, with the Dow down by triple digits (only 6 of the 30 components are trading positive), on continuing fear of the Financial Sector's health, and poor Retail Sales. Mortgage Bonds are reacting positively, but face strong overhead resistance.
Today's Retail Sales numbers came in better than expected, … (2 comments)
|
Market Update 08-12-2008 - 08/12/08 01:41 PM
US Stocks opened the day on the down side on another round of bad news from the Financial Sector, and worries about Oil supplies due to the Russia/Georgia conflict. Mortgage Bonds began the day on the plus side, but don't seem to be gaining much momentum.
Today marks the end of the … (0 comments)
|
Market Update 08-11-2008 - 08/11/08 11:33 AM
After starting the day in the red US Stocks are turning positive as they try to continue last week's rally. Mortgage Bonds began the day up against the technical resistance of their 25 day average, and have been pushed back once again.
There are no economic reports on tap for … (0 comments)
|
Market Update 08-08-2008 - 08/08/08 12:04 PM
Following yesterday's losses, US Stocks are rebounding well on a strengthening US Dollar, which is helping to drive Oil prices down. Mortgage Bonds are positive again today, and are attempting to break through pricing resistance at their 25 day average.
The Stock Market seems attached at the hip to Oil pricing … (0 comments)
|
Market Update 08-07-2008 - 08/07/08 12:10 PM
US Stocks are downfor the first time in three days on poor retail performance, increases to Jobless numbers, and a large loss by monoline insurer AIG. Mortgage Bonds are positioned well for gains, after bouncing off support lows yesterday.
Stocks appear to be crashing from their sugar high that started … (0 comments)
|
What the Fed Statement Really Says - 08/06/08 09:37 PM
Yesterday the Federal Reserve Board held their regular meeting where they decide the fate of much of our countries economic direction. As expected, they decided to take a wait and see approach for a little longer, and kept the Federal Funds Rate at 2.0%. Since the Markets had already predicted a … (5 comments)
|
Market Update 08-06-2008 - 08/06/08 01:29 PM
US Stocks stumbled out of the gates with the Dow falling nearly 100 points in the first hours of trading, but have regained their footing, and are nearly flat for the day. Mortgage Bonds have not faired so well, opening even lower than yesterday's finish.
Tuesday, the Stock market had … (0 comments)
|
Market Update 08-05-2008 - 08/05/08 11:46 AM
US Stocks are rallying as the Dow is now up over 200 points on the day. Mortgage Bonds are in a wait and see mode ahead of the Fed's rate decision, due out a few hours from now.
Stocks are surging higher on falling commodity prices, and strengthening of the US … (0 comments)
|
Market Update 08-04-2008 - 08/04/08 02:21 PM
US Stocks tumbled lower in early trading, with the Dow dropping by nearly 100 points, but have since turned positive. Mortgage Bonds opened the day at their resistance level of the 25 day average, and are currently off by over 25bp.
Stocks reacted negatively to the days economic reports, and … (2 comments)
|
Market Update 08-01-2008 - 08/01/08 11:57 AM
US Stocks opened positive for the day on lower than predicted unemployment, but have fallen into the red as Oil prices increase, and GM posts worse than expected losses. Mortgage Bonds have managed to stay fairly flat, trading within a tight range near yesterday's finish.
The Stock Market began the day trading … (1 comments)
|
;)
Links;)
Archives
