ARCHIVED BLOG POSTS
2015
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Stocks began the day strongly as the government jobs report came out looking strong this morning as 257,000 new jobs were created and the November and December numbers were adjusted nicely upward. This was in fact the first consecutive 12 months of adding over 200,000 jobs since 1994 -1995. The...
02/06/2015
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Mortgage backed securities (MBS) closed down a whopping 81 basis points today at 102.12 having crashed through two strong levels of support including the 25 day moving average. That is the first time MBS bonds have closed below the 25 day moving average since December 26 of last year. The 30 ye...
02/06/2015
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Stock futures opened lower this morning as Merck reported some poor earnings to start the days markets. The dollar advanced which normally points to a downward move in stocks. Chine cut one of its key interest rates by 50 basis points today. The sometimes suspect ADP jobs reports showed growth...
02/04/2015
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Mortgage backed securities (MBS) closed up 15 basis points today at 103.00 having closed above resistance which had been offered at the 102.86 level. MBS bonds did not move too much today. Stocks too were pretty sluggish as a blanket of white covered and silenced the New England area. It is am...
02/04/2015
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Stock futures pointed moderately higher this morning as the new Greek government softened its hard line chatter about leaving the EU and abandoning its debt. Then a another advance in oil futures further encouraged equity traders. Before we could turn around twice, stocks were off to the races ...
02/03/2015
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Mortgage backed securities (MBS) closed down a whopping 53 basis points today at 102.88 having fallen through support offered at the 103.40 level like a ton of bricks. Predictably they fell wight down to the next support level at the 102.86 level prior to bouning just above it. The crossroad I ...
02/03/2015
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After having lost over 3% of their value in January, stocks were trying to avoid the old adage "As January goes, so goes the year". Last year's January loss did turn around and become an increase of over 10 last year. The Supply Management Index was below expectations and stocks were down over ...
02/02/2015
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Mortgage backed securities (MBS) closed down 6 basis points today at 103.41 having remained just above support offered at the 103.40 level and just below resistance at the high of May 10, 2013. MBS bonds are sitting on an apex awaiting a force to give them direction. They looked as if they migh...
02/02/2015
