ARCHIVED BLOG POSTS
2010
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Stock Market took a big hit last week. Is it due for a correction? It's currently up a little bit. As the Bond Market is down a bit. The Home Builder's Index shows that the Home Builders are feeling a bit pessimistic, as it too has dropped. Meanwhile, Mortgage Rates are Up a bit this morni...
07/19/2010
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A lot of not so good economic news today. Earnings reports were disappointing, with some large companies (GE, Google, BofA and Citi) not meeting expectations. CPI, itself was low; but if you take out the food and energy (the Core CPI), then it's something to keep an eye on. Also, the Consumer Se...
07/16/2010
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A lot of Economic News today. Initial Jobless Claims dropped this week, so that is 2 weeks straight that it declined. The PPI (Producer Price Index) came in very tame. But the Manufacturing numbers came in dismally low (Philadelphia Fed Index, Empire State Index and Industrial Production). This ...
07/15/2010
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The Stock Market is getting a bit of a boost from some of the earnings (Intel leading the way). All the while, Retail Sales show that people aren't out buying yet. The Bond Market started the morning very well, but has since pulled back a bit. So, Mortgage Rates are about the same as yeste...
07/14/2010
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The Stock Market is rallying today because both the Export and Import Data were higher than expectations (even though the Trade Gap was also greater). Why are they excited about a wider Trade Gap? Good question. It's because they are feeling a bit optimistic with the greater Import data, which t...
07/13/2010
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Volatile week ahead, starting on Wednesday. This week, Companies will be releasing their 2nd Quarter Earnings Reports. We have the Retail Sales, PPI, CPI, Philadelphia Fed and Consumer Sentiment this week. Also, we have the 3-, 10- and 30- Year Auctions (starting with the 3- year today). No rele...
07/12/2010
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Stock Market up slightly with very light trading today. Bond Market started higher this morning, but since has come down to the levels of yesterday's close. If you're dealing with an east coast lender, then most likely they had an intra-day re-pricing for the worse. If it's west coast, then the ...
07/09/2010
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The Initial Jobless Claims are still high (the range seems to between 450k -475k). It was lower than last week's reading, however. This news, among some better than expected profits with some Retailers, provided the Stock Market with some early Gains, but since has pulled back and is a bit Mixed...
07/08/2010
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No releases today, so it's all about the Technicals (or what the Stock Market will do). Currently, the Stock Market is Up today. Bond Market seems to be in a sideways pattern today. We had a nice rally yesterday, which we saw Mortgage Rates improve. Today, Interest Rates will remain the same. It...
07/07/2010
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Light Trading this week, but the week's biggest news was released today. The ISM Services came in below expectations (still showing some expansion). Besides this news, the Stock Market is up today because it's feeling a bit optimistic (based on some global news -India raising their rates, ...
07/06/2010
