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Daily Market Report 7/22/19
http://MikesDailyMarketReport.com: No economic data from the calendar to report today. We will see a lot of Housing Data later this week, however. Stocks started the morning in Positive Territory; however, the DOW has since turned Negative, so Stocks are Mixed. There are further Corporate Earnings Reports being released all week. China has reported that representatives from the US will be visiting Beijing for face-to-face meetings, perhaps this week. Also, Oil spiked a bit after Iran captured a British flagged Tanker on Friday. MBS are Up 13bps, so Mortgage Rates have improved this morning. Yields are still residing between it's 25 DMA and Fibonacci level at 2.03%.
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