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economic report: Daily Market Report 5/11/10
- 05/11/10 05:26 AM
Another Technical Factor Day!!! Not much moving either the Stock, nor Bond/MBS Market today. It may change some, as there is about $38 Billion Auction on the 3 year today -it's expected to go well. The Chart is showing another possible decisive move that will need to be made shortly. … (0 comments)
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economic report: Daily Market Update 5/10/10
- 05/10/10 06:21 AM
Mostly Technical Factors Today...New Bailout Package for EU ($1 Trillion), which the Fed, among many other World Central Banks are pledging their support. As we know, this deep concern has created tremendous jitters in the Financial Markets, so the Central Banks are stepping in to calm the Markets. As a result, you're seeing the DJIA averaging over 400 so far today. Because the concerns in the EU are calming down, then you can expect to see the Traders concentrating on economic growth in the US (Retail Sales will be reported on Friday). Interest rates have worsened from the levels of Thursday … (0 comments)
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economic report: Daily Market Report 5/7/10
- 05/07/10 05:11 AM
Happy Upcoming Mother's Day to all of you Mothers out there. Market is still Trading on Fears in Europe. Germany's Parliament passed the Bill to lend Greece Money today, as Greece's Parliament passed a Bill to accept the Terms yesterday, which had led to rioting in their streets yesterday. Job numbers came in very good, as they were revised to a more positive growth for the February and March too. The Unemployment Number increased, which the Labor Dept. said it was owed to a huge increase in the Labor Force. Also, the Hourly Earnings came in Flat, which eases concerns for … (0 comments)
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economic report: Daily Marketing Report 5/6/10
- 05/06/10 06:00 AM
The Bond Market, while the Stock Market is tanking, is on Fire. I don't anticipate this remaining at this level for long. It's primarily based on emotion, and at some point will drop down to more realistic levels. Productivity (Q1) has slowed down a bit (compared to Q4 of 2009); Initial Jobless Claims are still high; Greece is needing a Bailout; Questions on possible Bailout Packages for Spain and Portugal are being mentioned; and Euro dropped to 14 month low (under $1.30 now). Tomorrow's Job Numbers will be HUGE. By way, I added music today (Sean Paul's "Temperature") to illustrate the … (2 comments)
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economic report: Daily Market Report 5/5/10
- 05/05/10 08:10 AM
Happy Cinco De Mayo!!!! Huge Gap in favor of the Bond Market today (improvement for Bonds/MBS). ADP showed some improvement in the Job Department, as well as, the ISM Services Index showing productivity. Greece is in the news again; as well as, concerns for Portugal and Spain. All part of the Sell off on the Stock Market. … (0 comments)
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economic report: Daily Market Update 5/4/10
- 05/04/10 05:28 AM
DOW is down over 200 points today because of concerns of Greece's inability to repay Bailout Money (received yesterday from EU). "Flight to Safety" is assisting MBS today, so we are experiencing improved mortgage interest rates. Pending home sales continued to be good, which will normally improve the DOW and interest rates will worsen, but the Greece Concerns are greater than the good news reported on the Pending Home Sales today. … (0 comments)
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economic report: Daily Market Update 5/3/10
- 05/03/10 06:19 AM
Happy Monday Morning. We have quite a bit of Economic News today, starting with Personal Income, Personal Spending, Core PCE and ISM Index. All have risen slightly. Core PCE still remains in friendly Inflationary Territory, so that is good news. Currently the Gain on Friday has been wiped out today, as Investors are moving money into the Stock Market. … (0 comments)
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economic report: Daily Market Report 4/30/10
- 04/30/10 07:50 AM
Lot of Economic News today, starting with the GDP and Chicago PMI. Bond (MBS) Market is currently up. It may be in an Over-bought position, so look for it to drop in the very near future (basing it on past experiences in this this price range). A little stat that I encountered (not mentioned in video) is that we will need the GDP come in at 5% for the entire year, just to reduce our Unemployment by 1%. I thought that was an amazing stat. I guess that is why most economists are projecting high unemployment for the next 10 years. … (0 comments)
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economic report: Daily Market Update 4/29/10
- 04/29/10 06:15 AM
The Initial Jobless Claims were slightly down from the prior weeks numbers. The Fed's Policy Statement yesterday remained unchanged. Tomorrow will be the Chicago PMI and GDP information. Tomorrow should be the Market Movers of the Week. … (0 comments)
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economic report: Daily Market Report 4/28/10
- 04/28/10 05:11 AM
The Big News today will be the Fed Meeting, which they'll be reading the statement at 11:15am PST (2:15pm PST). Don't anticipate any rate changes. Looking mostly if there will be any change in the language. By the way, Greece was Downgraded yesterday by a whopping 3 notches. This, and some additional concerns with Spain, were the main culprits for yesterday's big sell off on the DOW. Greece, Spain and Portugal are facing serious concerns, which is affecting the Global Market. This has been helpful for the MBS (Mortgage Interest Rates), as investors have flocked to purchase our debt as a … (0 comments)
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economic report: Daily Market Report 4/26/10
- 04/26/10 05:04 AM
No News today. Relying mostly on the Technicals. We'll have more news later this week, especially Wed. and Fri. We have experienced better pricing from Friday's numbers, as the Trading started about 16bps higher than Friday's Close. We'll possibly remain in good shape, if we remain above the 10 Day Moving Average. … (0 comments)
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Another Technical Factor Day!!! Not much moving either the Stock, nor Bond/MBS Market today. It may change some, as there is about $38 Billion Auction on the 3 year today -it's expected to go well. The Chart is showing another possible decisive move that will need to be made shortly. … (0 comments)
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