ARCHIVED BLOG POSTS
2017
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With no economic reports to sway them, equity traders here were not able to gain much traction. Oil remained just under $57 per barrel and the 10 year Treasury yield closed the day at 2.40%. The big news in the market was that General Electric cut its dividend for the first time since the Grea...
11/13/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.47 having come to rest exactly 28basis points below resistance offered by the 200 day moving average and remained below all the moving averages. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whet...
11/13/2017
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With Gold expected to shoot upward in a currency realignment sometime around the beginning of next year, a small company that owns a massive gold deposit in Alaska has taken steps to clean up its image. Tiny Canadian owned North Dynasty has hired a retired American Major General (2 star) and for...
11/10/2017
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Mortgage backed securities (MBS) closed down 22 basis points today at 102.44 having come to rest exactly 31 basis points below resistance offered by the 200 day moving average and once again below all the moving averages. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%....
11/10/2017
Today equity traders' concern over the tax reform products being created in Congress got the best of them causing what could have been a much more serious sell off. The Dow, which had just recorded five consecutive record highs, albeit small ones, came close to a serious tumble. At one point dur...
11/09/2017
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.88 having come to rest exactly at the 10 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. h...
11/09/2017
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Stock futures were somewhat lower this morning as traders kept a watchful eye on Congress as legislators continued to fashion the new tax bill together. A flatter yield curve caused bank and financial stocks to suffer somewhat today. A flat yield curve means that the yield for short and long te...
11/08/2017
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.94 having fallen through support offered by the 100 day moving average and finished the day 11 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today. The 30 year jumb...
11/08/2017
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The Dow just barely managed to squeak by with yet another record high today while the NASDAQ and the Standard & Poors 500 each suffered a tiny loss. Speculation can run rampant with no economic reports scheduled to be released tomorrow. Trader's were concerned about the progress of the tax bill...
11/07/2017
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Mortgage backed securities (MBS) closed down 3 basis points today at 103.09 having broken through resistance offered by the 100 day moving average and finished the day just 5 basis point below resistance offered by the 50 day moving average. The 30 year was available at 4.00% today. The 30 year ...
11/07/2017
