Stocks are up a hand full, mortgage backs up 2/32’s, and the 10 year note is trading at 3.81%, all positive elements. At least for today. We’ll call the market neutral/bullish yet still feeling the need to keep both hands on the wheel.
English translation is that the rally could be short lived in front of 109 billion in paper and a stock market that just won’t break
Strange start to the week as stocks opened on the [...]
The 5 year note auction (39 billion) just hit the [...]
Rational market behavior is not the theme for today. Economic [...]