Market Comment
Mortgage Bonds are starting the day near unchanged, with no economic reports or Treasury offerings hitting the market today.
After the closing bell today, Alcoa kicks off the corporate earnings season. Stocks have been on a nice run lately. But these earnings reports could influence both Stocks and Bonds over the next few weeks, depending on how they come out.
For now, I recommend floating, since prices are trading between resistance and support. I will let you know if a change of course is necessary.
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
After the closing bell today, Alcoa kicks off the corporate earnings season. Stocks have been on a nice run lately. But these earnings reports could influence both Stocks and Bonds over the next few weeks, depending on how they come out.
For now, I recommend floating, since prices are trading between resistance and support. I will let you know if a change of course is necessary.
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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