Daily Market Report 10/7/19

Mortgage and Lending with Pinnacle Home Loan NMLS #275652/1820

http://MikesDailyMarketReport.com: There are no economic data to report today. The Stock Market is Down this morning on the disappointing data from last week and not feeling too optimistic ahead of this week's China/US trade negotiations, as reports are coming out that China is looking for a limited negotiation, not a full one. So, nothing may happen this week. MBS is Up 11bps and is currently above it's Fibonacci line. We're approaching the same level in early September before bonds fell. Yields are also up, which they're currently at 1.54%.

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