Good Thursday A.M.,

Stocks starting to roll over a bit as all indices are down. The Dow down 400 is giving a little boost to bonds. The 10-yr is down to .63 and mortgage bonds, which have outperformed treasuries for the last few days, are flat. On the news front, jobless claims slightly beat expectations, but we still saw an additional 1.37 million NEW people file for unemployment. The job numbers are a growing concern and COVID continues to close businesses. Equities will need to reconcile this. Please keep in mind that it is never a straight line up or down, and while i do see bonds continuing to improve, we will of course see days of pullback as well. If you see a rate you like, I would recommend locking.

Please remain safe and stay healthy, and make today great!