Market Snapshot May 6, 2020
Wednesdays’ are the best, I guess the place to start this morning is that the ADP Payroll number came out and was horrendous. It was the worst in the…
Market Snapshot May 5, 2020
Good Tuesday AM, Cinco De Mayo looks a little different this year. I imagine lots of zoom parties and no Corona. The 10-yr is leaking a little higher…
Market Snapshot May 4, 2020
Good Monday AM, Bonds prices are down pushing rates up a bit. The 10-yr is at .63 and mortgage bonds off about 10bps. Typically stocks and bonds trade inversely,…
Market Snapshot May 1, 2020
Good Friday A.M., Stocks taking a beating this a.m. with the Dow down 600. Treasuries and Mortgage bonds are flat. The data today was bad but less bad than…
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