ARCHIVED BLOG POSTS
2014
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News of a slowing economy in China caused US equity market to fade slightly on Monday. With the major impact from Putin's "invasion" of Ukraine having dissipated after just the first day, markets stabilized and the news from the far east did not do too much damage. At the end of trading the Dow...
03/11/2014
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Mortgage backed securities (MBS) were up 15 basis points today 104.31 having remained in a channel below resistance offered by the 25 day moving average and just below double support offered by the 100 and 50 day moving averages. With little change in the Ukraine debacle and stocks posting just ...
03/11/2014
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I think the thing that I like best about spring is the re-birth of just about everything. Coming right around Easter, everything seems to rise from the dead. The flowers begin by showing just a hint of green as they poke their little shoots just above the ground like a periscopes checking for t...
03/06/2014
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Stocks managed some decent gains today as initial jobless claims came in at 323,000 or about 15,000 fewer than expected. At the same time the European Central Bank announced that it would be keeping its bench mark interest rate at .25%. That action should help keep inflation in check and keep m...
03/06/2014
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Mortgage backed securities (MBS) closed down 6 basis points today at 104.41 having remained in a channel below resistance offered by the 25 day moving average and above support at the 100 day moving average just 19 basis points below. MBS bonds were buffeted by moderate to strong gains in equiti...
03/06/2014
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Mortgage backed securities (MBS) had an initial advance this morning as ADP reported only 139,00 new jobs were created in February falling short of the expected 150,000. At the same time they revised the January numbers lower by nearly 50,000. The Fed's Beige book cited the weather for slowing ...
03/05/2014
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With news of the ADP jobs report falling short of the expected 150,000 jobs created in February, stocks began the day moderately lower. Mother Nature was predictably fingered as the bad guy, as the weather she has meted out this winter has been abominable. With people stuck on highways in the s...
03/05/2014
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After yesterday's sell-off pursuant to Russia's invasion of Ukraine, today's somewhat softer take on what happened allowed money to return to stocks like a massive ebb flow. although the situation is certainly precarious and could accelerate at any moment, traders were able to gain back all of y...
03/04/2014
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Mortgage backed securities (MBS) closed down a whopping 53 basis points today at 104.50 having crashed through support offered at the 104.81 level and the 25 day moving average. the large red candle stick shows that the 4.0 coupon bond closed at its lowest level of the day. As we know from prev...
03/04/2014
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Stocks fell broadly in the face of Russia's invasion of the tiny former Soviet block nation Ukraine. After months of riots and upheaval, protestors were successful in deposing the leader who was considered a puppet of the Moscow leadership. The Russian military swarmed into the Crimean peninsul...
03/03/2014
