Euro is in the driver seat for every market. It goes like this; as the Euro weakens, the dollar strengthens, stocks go lower, oil goes lower, gold goes higher, and 10 year note/mortgage backed security pricing gets better. Flip side is Euro strengthens and then you know the rest of the story.
This type of market will typically tread water until better info becomes available, forming a trending market
Both stocks and bonds have been a little sloppy today, [...]
Yesterday, Mortgage Backed Securities closed up 24/32s. Stocks had a [...]
The FOMC statement was the main focus for the markets [...]