Market Comment
A mixed bag of economic news this morning has caused both Stocks and Bonds to gyrate between positive and negative territory.
Pushing Bonds higher this morning are the lower-than-expected Empire State Manufacturing Index and Philly Fed Index reports, as well as the tame inflation news from the Producer Price Index.Currently, Stocks are on a seven-day winning streak and appear ripe for a pullback, which could help Bonds.
Therefore, I recommend floating for now.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112, V2563958, MLO-4817VA
Pushing Bonds higher this morning are the lower-than-expected Empire State Manufacturing Index and Philly Fed Index reports, as well as the tame inflation news from the Producer Price Index.Currently, Stocks are on a seven-day winning streak and appear ripe for a pullback, which could help Bonds.
Therefore, I recommend floating for now.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112, V2563958, MLO-4817VA
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