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Market Snapshot 1/22/25-Best Day Of The Week

Good Morning on this best day of the week, Wednesday from your Hometown Lender,

There is a dearth (SAT word) of economic data today. Only leading economic indicators on the calendar and which came in as expected at -.1%. The bond market is virtually unmoved and that is not necessarily a bad thing. We will see how the trading continues, but I do think that as we have moved into the next lower trading channel. The 10-yr has a chance to break below 4.50% and then could travel down to 4.25. That would mean another .25-.375% improvement in rates.

It is not ever going to be a straight line up or down so be patient.

It is interesting to read that President and Mrs. Trump each floated a meme coin. Does this help or hurt the credibility of the crypto market? Mrs. Trump’s coin has a value of 800mm in just a few days, the President’s tops 8b.