stock market: Market Update 11-14-2008 - 11/14/08 02:06 PM
US Stocks are struggling to get back to even for the day, after initially giving up more than half of yesterday's gain. Mortgage Bonds are better than yesterday, but not enough to see any meaningful rate improvement.
Stocks took their cue from today's Retail Sales report that showed a 2.8%
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stock market: Market Update 11-10-2008 - 11/10/08 06:12 PM
US Stocks began the day on the upside following the trend from overseas markets, but quickly fell into the red. Mortgage Bonds held early gains longer, but also turned negative before their early closing.
Stocks took their cue from overseas markets early on as the Dow jumped out to a 200
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stock market: Market Update 11-03-2008 - 11/03/08 01:27 PM
US Stocks are trading in a fairly narrow range, given the recent history of wild swings, and the Dow is trying to find a way to post a positive in the face of a dismal reading from the ISM Index. Mortgage Bonds are up slightly as they continue to trade sideways.
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stock market: Market Update 10-22-2008 - 10/22/08 04:48 PM
US Stocks are down today with the Dow of by as much as 5% as investors deal with poor earnings, and fears of global recession . Mortgage Bonds are holding on to slight gains as they push against technical pricing resistance.
The Dow is back down to the 8,600 range
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stock market: Market Update 10-21-2008 - 10/21/08 03:51 PM
After a day of only positive numbers, US Stocks are back to the roller coaster we have come to expect with the Dow down by over 200 points, as well as being in positive territory throughout the day. Mortgage Bonds have not been nearly as volatile, and have traded within a
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stock market: Market Update 10-20-2008 - 10/20/08 03:46 PM
US Stocks are on a strong rally, responding well to the prospect of another government stimulus package. Mortgage Bonds are also much better, as they push to finish above their 200 day average.
Stocks continued their winning ways to start the week, as the Dow is enjoying the first day
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stock market: Market Upate 10-17-2008 - 10/17/08 03:15 PM
US Stocks continue their roller coaster ways as the Dow has been down by 200, and up by 300 while it is currently nearly flat for the day. Mortgage Bonds have also traded in a seesaw manner as they react to Stocks, but they look to finish positive for a third
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stock market: Market Update 10-16-2008 - 10/16/08 12:17 PM
US Stocks are back on the seesaw today as the Dow was initially up by triple digits, then down nearly 400, and currently has rallied back to be "only" down 150. Mortgage Bonds enjoyed a strong rally yesterday, bouncing off their lows of the year, and ending the day with enough
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stock market: Market Update 10-15-2008 - 10/15/08 12:40 PM
Us Stocks are falling once again, with the Dow testing the 9000 mark. Mortgage Bonds are also under pressure, but have made some gains after touching on their low point (= high rates) for the year.
While Stocks are down across the board, it looks like today's losses are at least partially
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stock market: Market Update 10-14-2008 - 10/14/08 01:39 PM
US Stocks looked to build on yesterday's historic rally, gaining 400 points in early trading, but have since cooled down and are back to the day's starting numbers. Mortgage Bonds opened down from yesterday, and despite an early rally have settled close to the opening mark.
Stocks benefitted early from
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stock market: Market Update 10-13-2008 - 10/13/08 02:58 PM
US Stocks are responding well to the latest round of government support with the Dow trying to finish above 9000, after falling below 8500 last week. Mortgage Bonds are not trading today due to financial markets observance of the Columbus day holiday.
Stocks rallied out of the gate this morning on
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stock market: Market Update 10-10-2008 - 10/10/08 04:51 PM
Today's update is more of a market wrap, as I tried on several occasions to create an update, but was unable to type fast enough! The Dow ended down by 128 points on the day, but traded in a record range of over 1000 points after falling by nearly 700 points
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stock market: Market Update 10-09-2008 - 10/09/08 12:58 PM
US Stocks are "enjoying" another roller coaster day on Wall Street with the Dow up as much as 200 points, but now down about 100. Mortgage Bonds have been more consistent, but in a negative manner, moving negatively toward the 200 day average.
Stocks were looking for a bounce back day, and
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stock market: Market Update 10-07-2008 - 10/07/08 01:18 PM
US Stocks are extending yesterday's losses after a brief rally to start the day. Mortgage Bonds are trying to hold their gains as they trade in reactions to Stocks once again.
The Dow is currently down triple digits despite a positive start on news of the Fed's latest effort to kick
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stock market: Market Update 10-06-2008 - 10/06/08 01:24 PM
US Stocks are plummeting on concerns over the recent government bailout with the Dow down by more than 500 points. Mortgage Bonds are one of the beneficiaries of this flight to quality as we currently trade back near the levels of two week's ago.
Declining Stocks are currently at a 30
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stock market: Market Update 09-26-2008 - 09/26/08 03:15 PM
US Stocks are trending flat to slightly negative on uncertainty over the government bailout, and the predicted failure of WAMU. Mortgage Bonds are following suit as they trade in a very tight range.
The Stock Market is waiting to see what actually comes out of Washington as the news on
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stock market: Market Update 09-23-2008 - 09/23/08 05:04 PM
Today is not so much an update as an explanation.
US Stocks are finishing down for the day with the Dow off by over 150 points after experiencing triple digit gains earlier. Mortgage Bonds have also seesawed up and down throughout the day, and will finish negative though not by
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stock market: market Update 09-22-2008 - 09/22/08 03:50 PM
US Stocks are in a deep decline following last week's rally with the Dow currently down over 300 Points. Mortgage Bonds have traded down from last week, breaking below support levels for the first time in 2 weeks.
Stocks are plummeting following the release of the government's hastily prepared rescue
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stock market: Market Update 09-19-2008 - 09/19/08 01:39 PM
US Stocks have extended yesterday's momentous end of the day rally with the Dow steadily up by over 350 points today. Mortgage Bonds have been up and down, and have now fallen below technical pricing support for the first time since the government bailout of FNMA/FHLMC.
This has truly been
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stock market: Market Update 09-18-2008 - 09/18/08 04:11 PM
US Stocksare experiencing another roller coaster day as the Dow has been both up, and down by over triple digits, and is currently up over 300 points. Mortgage Bonds have also been up and down all day, but stayed within their recent range of resistance and support.
Once again Market headlines rule
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stock market: Market Update 09-17-2008 - 09/17/08 01:44 PM
US Stocks are plummeting with the Dow having been off by more than 350 points, and showing no signs of any real rally. Mortgage Bonds are only slightly positive for the day, while the flight to quality focuses on Treasury's.
Once again any economic reports must take a back seat to
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stock market: Market Update 09-16-2008 - 09/16/08 02:56 PM
Another roller coaster day for Stocks as they are rallying to end the day on a positive note. Mortgage Bonds have struggled throughout the day against overhead resistance, and have moved towards support levels.
After yesterday's selloff, Stocks have been looking for a reason to rally. The day does have
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stock market: Market Update 09-15-2008 - 09/15/08 12:48 PM
US Stocks have been down since the opening bell, with the Dow off by nearly 300 points the majority of the day, as Financial Sector headlines far outweigh any other information in the Market. Mortgage Bonds are benefitting from investor's "flight to Quality", and are challenging recently established pricing resistance.
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stock market: Market Update 09-12-2008 - 09/12/08 12:57 PM
US Stocks are trading slightly to the downside as concerns over the Financial Sector once again dominate the headlines, and Retail Sales fail to meet expectations. Mortgage Bonds have been the recipient of friendly economic reports overall, but are still flat, unable to break above pricing resistance.
It is all
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stock market: Market Update 09-10-2008 - 09/10/08 03:12 PM
US Stocks are trending up as the Dow is now up over 100 points on what has been a bit of a seesaw day. Mortgage Bonds are experiencing some pressure from the gains in equities, and are down some for the day, but still trading above support levels.
Once again
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stock market: Market Update 09-09-2008 - 09/09/08 01:12 PM
US Stocks are down in today's trading as pending home sales showed a decline in July, and financial concerns return as Lehman's talks with Korean Development Bank break down. Mortgage Bonds are still trading to the upside, and the gap between MBS & Treasuries continues to tighten.
After experiencing their largest
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stock market: Market Update 09-08-2008 - 09/08/08 01:10 PM
Everybody seems happy today with both Stocks, and Mortgage Bonds trading well into the Black after this weekend's headline news of the government's bailing out mortgage giants Fannie Mae, and Freddie Mac.
The Dow Jones was up by 340 points in the first hour of trading today after the news broke Sunday that
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stock market: Market Update 09-05-2008 - 09/05/08 02:43 PM
US Stocks have regained their footing after an initial drop of more than 100 points by the Dow. Mortgage Bonds are struggling to maintain the momentum of the last three days, but are still well above the support of their 200 day average.
Today's report from the Labor Department pressured
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stock market: Market Update 09-04-2008 - 09/04/08 01:33 PM
US Stocks are significantly in the red today after a surprise spike in jobless claims, and concern over slowing economic growth, both in the US, and Globally. Mortgage Bonds are positive on lower inflation concerns, and increased productivity reports.
The Labor Department released their Initial Jobless Claim report showing an increase
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stock market: Market Update 09-02-2008 - 09/02/08 02:25 PM
US Stocks came out of the gate strong after the holiday weekend, celebrating the lack of impact Hurricane Gustav had on Oil production, and cheering a possible Capital influx to Lehman Brothers. Mortgage Bonds fell in early trading, but have regained momentum, and are currently above their 100 day average.
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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 a
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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.
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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,
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: 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
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stock market: Market Update 07-31-2008 - 07/31/08 12:24 PM
US Stocks are mostly down, with the Dow off by well over 100 points, after today's Jobless Claims Report, and lower than expected growth in GDP. Mortgage Bonds are benefitting from the bad news, and are trading above previous pricing resistance.
Yesterday we heard rumors, and expectations that GDP could
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stock market: Market Update 07-30-2008 - 07/30/08 01:34 PM
US Stocks started the day strong following yesterday's rally, but are starting to lose steam. Mortgage Bonds opened the day lower once again, but have picked back up to a positive status.
Stocks received a positive surprise in today's ADP Employment report which showed an increase in private sector jobs
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stock market: Market Update 07-29-2008 - 07/29/08 01:08 PM
US Stocks are rebounding strongly from yesterday on dropping Oil prices, increased consumer confidence, and good news from earnings reports. Mortgage Bonds seem to be funding this, and have given back nearly all of their recent gains as a result.
The Dow is currently driving upwards towards an intraday gain
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stock market: Market Update 07-28-2008 - 07/28/08 11:30 AM
US Stocks began the day on the down side, and all three indexes have slid further negative in the first hours of trading. Mortgage Bonds are playing the role of beneficiary experiencing pricing gains of 50bp, or more.
Stocks are feeling pressure from a possible increase in Oil pricing, more
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stock market: Market Update 07-23-2008 - 07/23/08 11:16 AM
US Stocks have rebounded in this morning's trading with all three major indexes in the black. Mortgage Bonds started the day lower than yesterday's finish, but have now bounced higher after hitting technical support levels.
Stocks are reacting positively to our strengthening Dollar, and a continuing decline in Oil pricing. Oil
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stock market: Market Update 07-22-2008 - 07/22/08 12:10 PM
US Stocks are mixed on another seesaw day of trading. Mortgage Bonds started strong, breaking above pricing resistance, but turned negative on inflation fears.
The Dow is currently the lone positive index on the day, and even that is precarious, and only over the last hour of trading. Today's news is
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stock market: Market Update 07-21-2008 - 07/21/08 01:30 PM
US Stocks are experiencing another seesaw day of trading, and are currently fighting to get back to par. Mortgage Bonds have held their ground as they trade in one of their tightest ranges in weeks.
The Stock Market came out with positive momentum early on, as once again Lowered Expectations
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stock market: Market Update 07-18-2008 - 07/18/08 12:10 PM
US Stocks are in a seesaw trading day, and are basically flat right now. Mortgage Bonds are not so lucky, having began lower, and then fallen further during the morning.
Its another strange day on Wall Street as traders are acting almost entirely on results versus expectations, rather than profitability.
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stock market: Market Update 07-17-2008 - 07/17/08 02:03 PM
*Due to server issues this has been delayed. This was originally sent out at 9:10AM PDT. In the time since then we have seen Oil turn back around, and the Market seesaw once again, forcing Mortgage Bonds down much further than at the time this was intended for release.
US
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stock market: Market Update 07-16-2008 - 07/16/08 02:26 PM
US Stocks are in the midst of a strong rally as the Dow is now up over 200 points on the day. Mortgage Bonds seem to be the one's paying for it, as they are off by more than 50bp so far.
The Stock Market is reacting very positively to
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stock market: Market Update 07-15-2008 - 07/15/08 11:42 AM
US Stocks opened the day down significantly on continued worries over the financial sector, lower than expected retail sales, and heightened inflation concerns. Mortgage Bonds opened the day on the plus side, but have fallen back in the face of strong resistance.
The Dow was down below 10,900 in this mornings trading, but is
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stock market: Market Update 07-14-08 - 07/14/08 01:12 PM
US Stocks began the day on the uptick, but have since turned sour, mainly on concerns over financials. Mortgage Bonds reacted well to the government actions regarding Fannie, and Freddie, and have made up most of Friday's losses.
Stocks got a big push from government statements of support plans for troubled
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stock market: What's next for Fannie and Freddie? - 07/13/08 04:51 PM
As we look ahead to the upcoming week our industry is focused on the health of the two premier lending enterprises Fannie Mae, and Freddie Mac. After their stocks took a roller-coaster plunge on Friday, fueled mainly by an emotional level of investor sell offs (aren't they all on Wall Street?) Monday looks
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stock market: Explanations & Expectations for the week of 07/14 to 07/18 - 07/12/08 05:26 PM
Volatility, Chaos, Turmoil? These tend to be the most popular descriptions of Wall Street once again this past week. In a week that featured very little in the way of economic reports to shed light on the realities of our economy, we saw how rumors, and emotions, with a sprinkling of facts, can have a major
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stock market: Market Update 07-11-2008 - 07/11/08 11:56 AM
US Stocks are falling hard this Friday, with the Dow temporarily dropping below 11,000 for the first time since December 2006. Mortgage Bonds came out of the blocks strong, breaking through resistance at the 200 & even 100 day averages, but have since fallen back to their starting point.
The big news
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stock market: Market Update 07-10-2008 - 07/10/08 02:07 PM
Once again US Stocks are in a seesaw day without any driving force one way or the other. Mortgage Bonds have traded in a tight range throughout the day very near yesterday's closing number.
Stocks began the day mixed, then turned positive for the majority of the day so far. Official
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stock market: Market Update 07-09-2008 - 07/09/08 11:57 AM
US Stocks came out of the gate strong with the Dow up as much as 150 points early, but are now negative. Mortgage Bonds have been positive, building steadily on yesterday's finish.
Wall Street looked to be in a position to post solid gains at the opening, as better than expected earnings
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stock market: Market Update 07-08-2008 - 07/08/08 11:03 AM
US Stocks are off to a shaky start as they search for direction between the Bulls, and the Bears. Mortgage Bonds have broken through overhead pricing resistance, and are trading above yesterday's high point.
Stocks have made a couple of u-turns already today; initially gaining ground, turning negative on weaker than expected housing reports,
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stock market: Market Update 07-07-2008 - 07/07/08 02:01 PM
After beginning the day up by nearly 100 points, the Dow is now leading all 3 indexes significantly lower. Mortgage Bonds responded to the initial Stock rally by losing almost 50bp, but have swung back to initial price levels as Stocks falter.
The US Stock Market took off this morning on
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stock market: Market Update 07-03-2008 - 07/03/08 11:41 AM
US Stocks have turned positive on the day, and are pushing higher on "not as bad as it could be" economic news. Mortgage Bonds are down, struggling to maintain pricing at technical support levels.
US Stock Markets close at 1 PM EDT for the holiday, and trading has been fairly volatile so
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stock market: Market Update 07-02-2008 - 07/02/08 11:36 AM
US stocks began the day building on yesterday's strong finish, but are now down across the board. Mortgage Bonds responded well to lower than expected jobs numbers, but have also retreated.
Stocks were in the black for the first couple hours of trading, despite the ADP employment report showing higher than expected job
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stock market: Market Update 07-01-2008 - 07/01/08 01:06 PM
US Stocks are once again moving lower, and we are now "officially" in a Bear Market (a 20% decline within 12 months). Mortgage Bonds are down after early gains, currently trading at unchanged levels.
Stocks began the day under continued heavy selling pressure, but got a bit of a reprieve when
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stock market: Market Update 06-30-2008 - 06/30/08 12:53 PM
US Stocks are struggling once again, but have turned positive at the mid day mark. Mortgage Bonds are still building on last weeks gains after finally breaking above strong resistance trend lines.
After falling to as low as 11,300 in early trading, the Dow is currently in the black. Oil pricing, and
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stock market: Market Update 06-27-2008 - 06/27/08 12:24 PM
US Stocks are currently down, off to an unsure start this Friday after falling sharply yesterday. Mortgage Bonds are trading positively, but not in proportion to losses by Stocks.
The Personal Consumption Expenditure (PCE) report released today shows a lower than expected rise in core inflation of 0.1%, which brings the
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stock market: Market Update 06-26-2008 - 06/26/08 12:46 PM
US Stocks are falling like a rock as the Dow has hit its lowest point of the year, down over 250 points from yesterday's modest gains. Mortgage Bonds are trading in the black, building on a positive finish Wednesday.
Stocks are facing extremely high selling pressure with 29 of the
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