ARCHIVED BLOG POSTS
2016
With an purview seeing falling oil prices and disappointing earnings reports from several important sectors, Standard & Poor futures looked droopy this morning. Stocks obliged by opening down and by 10AM the Dow had already lost 110 points. The core Consumer Price Index was actually up .3%. In...
02/19/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 104.78 having remained above support offered by the 25 moving average and just 9 basis points below the high of April 30, 2015. Typically the longer the bond can remain above a particular support level, the greater chance it ha...
02/19/2016
Fed President Bullard said today that it would unwise to continue raising interest rates in a deflationary environment with so little stability in world markets. S & P futures pointed modestly higher this morning on the news. But after the first three consecutive trading sessions with 1% gains ...
02/18/2016
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Mortgage backed securities (MBS) closed up 19 basis points today at 104.81 having remained up support offered by the 25 day moving average risen to within 6 basis points of resistance at the 104.87 level. MBS bonds closed at their high for the day which could bode well for making another run hig...
02/18/2016
Amid a feeling that the precipitous sell off to begin the year may have been overdone. Janet Yellen released the minutes of January Open Market Committee today and in short they indicated that due to conditions that the Feed is in no hurry to raise rates again at the moment. Stock traders took ...
02/17/2016
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Mortgage backed securities (MBS) closed down 10 basis points today at 104.59 having dipped down to almost touch support offered by the 25 day moving average prior to closing 18 points above it. MBS bonds did well to lose so little in the face of another strong day in the stock market. It still ...
02/17/2016
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Stock futures were looking bright after yesterday's advance and strong days in European exchanges. Oil prices were up this morning and Mario Draghi of the European Central Bank had positive comments today about bolstering markets and defending banks. More positive signs are that S & P 500 close...
02/16/2016
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Mortgage backed securities (MBS) closed up 3 basis points today at 104.69 having finished the day above support offered by the 25 day moving average at 104.36 and just 18 basis points below resistance and the 104.87 level. Pressure from soaring stocks kept a lid on MBS prices today despite the b...
02/16/2016
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Did it ever strike you as odd that on a federal holiday such Presidents day that some banks are closed and others are open? I work for the Federal Savings Bank which, of course, has the word federal right in it and is run by veterans. Yet I and by colleagues worked right though the day yesterda...
02/16/2016
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There was a poem written by Christina Rossetti in 1872 which became a Chrsitmas carol entitled In The Bleak Midwinter. The words described the weather conditions at the time of Christ's birth including "Snow had fallen, snow on snow, snow on snow in the bleak midwinter, long ago". After such a ...
02/16/2016
