What a difference a weekend makes. Friday's losses in MBS bonds and stocks turned into gains today as traders absorbed all last week's Fed speak. The Fed's favorite measure of inflation, the Personal Consumption Expenditure, was up only .1% in July. TheFed likes this index as the bucket of goods changes every month as supply and demand changes the price of items in the market place. The Dow closed up 107 points today.
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker
Jeff Jensen it seems like the law of physics applies to the markets: For every action there is an opposite and equal reaction.
Aug 29, 2016 09:36 AM
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers
I have to agree with Jeff Jensen. The market has always seemed to have a knee jerk reaction.
Aug 29, 2016 09:48 AM
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida
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