The Economic News release for today, lie mostly with the CPI and Core CPI. The CPI edged Up a little bit, but the MORE Important, Core CPI (more important because by excluding the volatility of food and energy, then you have a more accurate reading) remained at 0. This is primarily the Fed's concerns about Deflation. It leaves our economy too vulnerable. Also, the release of Housing Starts came in disappointingly low (but again, we're approaching the winter months, so it's expected to drop some). We're starting to see the concerns reach a higher level in Europe with possible bailouts, that are appearing to be inevitable. The Stock Market is Up some today and the Bond Market is showing an Upward Trend again (after a pretty good beating, it looked like it went one too many rounds with Pacquiao). As I mentioned, the Market will rebound, as it was selling off for no real foundation. The Market is not built to sustain emotion based trading for long periods and have ways of correcting itself when cool-heads prevail. Did I forget to mention? Yes, Mortgage Rates Improved today. Have a great day!!!
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