ARCHIVED BLOG POSTS
2016
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Stocks were little changed today as the government jobs report looming tomorrow portrayed the big guerrilla in the room. The February jobs report will provide information on the non farm payrolls and the unemployment rate. As we know from the past, the unemployment rate is not accurate as is de...
03/03/2016
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Mortgage backed securities (MBS) closed up 3 basis points today at 104.59 having remained below resistance offered by the 25 day moving average and above support offered by the 50 day moving average 45 basis points below. MBS traders were playing it safe today in advance of tomorrow's government...
03/03/2016
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After yesterday's monumental advance, stock traders took some time today to catch their collective breath. Throughout the day stocks were down slightly possibly engaging in some profit taking. ADP released its sometimes quirky jobs figures for February today stating that there had been 214,000 ...
03/02/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 104.53 having remained below resistance at the 25 day moving average now 16 basis points above. MBS bonds are now fighting to remain near the upper ranges which have provided such excellent interest rates recently. For now bot...
03/02/2016
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Stocks had a banner day today with each of the major exchanges experiencing gains in excess of 2.0%. The NASDAQ was actually up a staggering 2.89%. The major force driving the huge gains was a combination of the thought that sagging world economies would cause the FED to slow down rate hikes an...
03/01/2016
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Mortgage backed securities (MBS) closed down 22 basis points today at 104.56 having fallen below the 25 day moving average once again. MBS bonds did not have much of a chance today as the major stock exchanges were all up more than two percent. We will have to watch carefully from here to see w...
03/01/2016
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I hope all of you who have an actual birthday only once every for years had a fabulous birthday! Normally the odds of being born on a particular day are 1 in 365. In the case of leap day, however, they are 1 in 1,461 which means that approximately .07% of the world population are born on leap d...
03/01/2016
