ARCHIVED BLOG POSTS
2017
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President Trump's executive orders are starting to affect environmental laws and commerce in our nation's largest state. You may remember that several months ago I wrote a blog about a small Canadian junior gold and copper mining stock. The company owns what is thought be the world's largest go...
05/09/2017
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Mortgage backed securities (MBS) closed down 6 basis points (bps) today at 102.44 having fallen to 101 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained at 4.125% today while the 30 year jumbo was at 4.25%. Whether in New England, the Mid Atlan...
05/09/2017
With no economic reports coming out today and little earth shaking news around the globe, stocks remained virtually flat today. Surprisingly though the NASDAQ with just a 1.9 point gain was able to eke out a new all time high record once again. Although the size of the landslide in the French P...
05/08/2017
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Mortgage backed securities (MBS) closed down 9 basis points (bps) today at 102.50 having fallen to 97 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained at 4.125% today while the 30 year jumbo was also at 4.125%. Whether in New England, the Mid ...
05/08/2017
The long awaited government jobs report came out today and it showed that 211,000 new non-government jobs were created in April. It also showed the unemployment rate falling to 4.4%. We all know, of course, that the latter figure is totally false and does not reflect all those pour souls who ha...
05/05/2017
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Mortgage backed securities (MBS) closed up 6 basis points (bps) today at 102.53 having rissen to within 89 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained at 4.125% today while the 30 year jumbo was also at 4.125%. Whether in New England, the...
05/05/2017
Tomorrow's government jobs report is taking over the spot light from technical trading tools for the short term. It will be interesting to see how close Friday's report will be to the ADP report released on Wednesday. It is interesting that as part of the Fed's statement yesterday that they wil...
05/04/2017
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Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 102.53 having fallen to 96 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained at 4.125% today while the 30 year jumbo was also at 4.125%. Whether in New England, the Mid...
05/04/2017
Despite recognizing the drop off in the first quarter GDP and the slow moving inflation, Janet Yellen left open the door for more rate hikes of the the Federal Funds rate this year. The federal funds rate is the rate that fed member banks are charged when the borrow from the Fed overnight. The ...
05/03/2017
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Mortgage backed securities (MBS) closed down 16 basis points (bps) today at 102.66 having fallen to 85 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained at 4.125% today. Whether in New England, the Mid Atlantic or the Midwest or anywhere else i...
05/03/2017
