http://MikesDailyMarketReport.com: Retail Sales (both headline and excluding Autos) rose 0.3% in January. Import Price Index remained Unchanged in January. However, Industrial Production dropped 0.3% in January and Capacity Utilization dropped from 77.1% to 76.8%. Consumer Sentiment rose to 100.9 in February. Last, but not least, Business Inventories rose 0.1% in December. Stocks are lightly trading and stepping back and forth in Positive and Negative Territory, as Investors are having heightened concerns about the data being received out of China that it may be well under-reported. MBS is Up 5bps this morning, as Mortgage Rates have basically remained the same all week (Unchanged). Yields have fallen down to 1.58%.
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