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Daily Market Report 1/13/20
http://MikesDailyMarketReport.com: There are no economic data to report this morning, as it's a relatively quiet news day. Stocks are Up this morning on anticipation of the US and China Phase One Trade Agreement due to be signed this week, most likely on Wednesday. MBS is currently Down 8bps and are facing a possible Negative Stochastic Crossover, which could halt it's currently upward trend. Mortgage Rates at the moment remain Unchanged. Currently, Yields have climbed their way above the 50 DMA and sit around 1.85%.
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