Just a heads up as both stocks and MBS are moving in lock step. After stocks dropped from plus 160 to up 70, MBS rallied back to unchanged or plus 1/32nd on the day. Since then, stocks reversed course and rallied to post a plus 212 on the Dow. At the same time MBS were off 5/32’s (almost plugged the trigger on a worsening price change). Stocks are currently up 160 and MBS down2/32’s. My point here is that the market is a cougar and we are her cubs. Don’t get eaten. If you want to follow the trade, watch stocks as bonds are trading in an inverse relationship.
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About the Author: Max Leaman Austin Mortgage
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