Market Comment
Bond prices are a little lower on the morning, but are up from earlier levels.
Gross Domestic Product came in better than expected this morning, which is weighing on Bonds and helping Stocks. In addition, both the Chicago Purchasing Managers Index and Consumer Sentiment were also reported better than anticipated, giving Stocks another boost.
For now, I recommend floating, as long as the Bond stays above the 200-Day Moving Average. But be prepared to lock if it falls below that level of support."
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Gross Domestic Product came in better than expected this morning, which is weighing on Bonds and helping Stocks. In addition, both the Chicago Purchasing Managers Index and Consumer Sentiment were also reported better than anticipated, giving Stocks another boost.
For now, I recommend floating, as long as the Bond stays above the 200-Day Moving Average. But be prepared to lock if it falls below that level of support."
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
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