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Daily Market Report 10/11/19

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Mortgage and Lending with Evolve Bank & Trust NMLS #275652

http://MikesDailyMarketReport.com: Consumer Sentiment improved in October rising from 93.2 to 96.0. Stocks are getting a huge lift this morning on optimism for a US and China Trade Deal, as President Trump tweeted that it's going very well and he's meeting the Vice Premier today. Also, there is some optimism in the UK after a meeting between Ireland and England on a path from the EU may be feasible afterall. Later today, there will be a few Fed Members speaking, including Fed Member Rosengren, whom is 1 of 3 dissenters from the last FOMC. MBS is continuing it's downward trend, as Investment dollars flow from the safe haven of bonds to equities. MBS is down another 31bps (after closing down 37bps yesterday). Mortgage Rates have risen as a result. Yields are storming up the chart, and are currently at 1.75%.

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mike, interesting learning how people feel a little better about the figures.  Will have to see what happens with China and the US!

Oct 11, 2019 08:11 AM
Mike Bjork

I agree!  It's been on everybody's minds.  Sentiment will go up a lot once it's completed.  But there's another growing concern with the Social aspect with China -the Hong Kong protests and concentration camps for Muslims.  Several US Businesses are being heavily scrutinize for the perception of them bending the knee to China.  It will be interesting if this growing sentiment undercuts any trade agreement.

Oct 12, 2019 02:17 PM
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