For information on highlighted terms in the commentary, click here. MBS took a bit of hit on Friday and stabilized yesterday. The big news of the day is in housing data . Still feeling the effects of “stimulus withdrawal” after the expiration of the home buyer tax credit, existing home sales fell to the worst [...]

For information on highlighted terms in the commentary, click here. Stocks are back in negative territory after weak economic news in unemployment and manufacturing. After this mornings jobless claims report jumped up, we now have close to 10 million unemployed workers in the country. Also, a regional report from the Philadelphia Fed showed that manufacturing [...]

For information on highlighted terms in the commentary, click here. MBS lost steam on Friday and dropped again yesterday, ending an impressive run of gains. Today, the market is flat and there is not much action in stocks either. There is no major news, economic or legislative, due out so we expect a calm day. [...]

For information on highlighted terms in the commentary, click here. Stocks again open under pressure. This time it is an unexpected rise in initial jobless claims that is applying the downward push on prices. Initially, this helped MBS and Bonds to continue their strong run. However, both have since lost ground. There was a Treasury [...]

For information on highlighted terms in the commentary, click here. Today’s news could be titled “Here’s another nice mess you’ve gotten me into”. The part of Oliver Hardy will be played by investors and the part of Stan Laurel will be played by the Federal Government. Yesterday’s Fed statement has put the markets back into [...]

For information on highlighted terms in the commentary, click here. Stocks and MBS are trading lower this morning. Investors seem to be holding money out of the markets until the Fed meeting later today. It is expected that the Fed will not adjust interest rates, but will have some strategy for increasing job creation. Markets [...]

For information on highlighted terms in the commentary, click here. Jobs, jobs, jobs. The economy added 41,000 jobs, but analysts were expecting double that number. In addition, the end of temporary Census positions has created a net loss of over 100,000 jobs. Stocks are suffering as a result of this data. It has been a [...]

For information on highlighted terms in the commentary, click here. Stocks opened in negative territory this morning after news that jobless claims have risen. This data trumps and earlier report by ADP that the private sector had added jobs. MBS continue to benefit from the lack of confidence in stocks and their pricing is at [...]

For information on highlighted terms in the commentary, click here. Stocks soared on Monday, but were tame yesterday and starting off flat this morning. ADP released better then expected employment numbers and we will see if that coincides with a better report from the Federal government later in the week. MBS had a strong rally [...]

For information on highlighted terms in the commentary, click here. In what I considered a surprise, the Dow shot up 200 points yesterday. Among mixed economic news and following a decent July, I was fully prepared for investors to sell off and push stock prices lower. It is unclear whether we will be able to [...]