ARCHIVED BLOG POSTS
2015
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Mortgage backed securities (MBS) closed up 5 basis points yesterday at 102.96 have inched slightly higher above the important support offered at the 102.75 level. Earlier this week it seem MBS bonds might take a turn downward into an approximately 100 point void below support. Fortunately for t...
12/31/2015
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Buoyed by rising oil prices and a nice improvement in consumer sentiment, stock managed to advance across the board today. With just two trading sessions remaining, the Dow is precious close to ending the year with a slight gain. The NASDAQ will surely do so and barring big losses the S & P sho...
12/29/2015
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Mortgage backed securities (MBS) closed down 28 basis points today at 102.81 having fallen to within 3 basis points of the all important support at the 102.75 level prior to closing just 6 bps above it. Oil and stocks rose today in an attempt at a year end rally. Typically trading is very light...
12/29/2015
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The unseasonably warm weather in the Northeast retreated a bit today. As I walked Barnaby the Bernese Mountain Dog just after 7 this morning, the mercury could eek out a mere 37 degrees. During the day we managed just 43 degrees. Next Saturday the new year will usher in temperatures in the 20s...
12/28/2015
With oil up above $37. per barrel today at first look it is surprising that stock futures are lagging. When one looks at the greater picture, however, the greater harbinger is a downturn in Chinese stocks. Despite being the world' biggest market, U.S. stocks frequently take their cues from Euro...
12/28/2015
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Mortgage backed securities (MBS) closed up 15 basis points today at 103.09 having once again broken through resistance offered at the 103.06 level. After bouncing off the the low of July 20th at the 102.75 level, MBS bonds have been slowing creeping upward. There remains quite a steep ascent, h...
12/28/2015
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Here in the Northeast temperatures are rising well above previously recorded numbers. The record high for New York City on Christmas eve is 63 and meteorologists say the mercury may approach 75 tomorrow. Vermont ski resorts are suffering accordingly as Grafton Vermont could experience as many as...
12/23/2015
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Stock futures pushed higher this morning following the lead of oil futures which were rising once again today.November personal income and personal spending were both in line with expectations showing increases of .3% each. The Fed's favorite measure of inflation the PCE (Personal Consumption E...
12/23/2015
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Mortgage backed securities (MBS) closed down 6 basis points at 102.88 having fallen ever closer to the important support level offered by the 102.75 level. Remember that level has allowed MBS bonds to bounce upward following every down turn since July. Falling below that level could have a dire...
12/23/2015
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West Texas crude futures broke above $36/barrel this morning allowing stocks to move ahead at the open. The last reading for the 3rd GDP (Gross Domestic Product) came in at 2.0% this morning just .1% lower than expected. The underlying inflation factor remained subdued. The FHFA housing price ...
12/22/2015
