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. Have a great Friday and upcoming Weekend.
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