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Barely Weaker After Weekly ADP Data (Not Retail Sales)
Heading into the day, the 8:30am Retail Sales data was the obvious pick among the available economic reports to be a potential market mover. Reality had other ideas... weird ones. After months and months without any major reaction, this morning's weekly ADP employment finally made its presence felt,
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Bonds Only Modestly Weaker After New Escalation Over The Weekend
Bonds Only Modestly Weaker After New Escalation Over The Weekend Bonds/oil/stocks saw a small corrective bounce over the weekend after headlines called the peace process into question, but markets agree we're close enough to "on track" to avoid a major correction. Over the course of the day, bonds r
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Mortgage Rates Almost Perfectly Flat to Start New Week
Despite some initial signs of volatility in financial markets over the weekend, the bond market managed to avoid losing much ground. Because bonds dictate mortgage rate movement, the average lender remained very close to Friday's latest levels. MND's rate index (a measure of top-tier 30yr fixe
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AM Gains Mostly Stick Around
AM Gains Mostly Stick Around Everything interesting about today occurred before 9am ET (several war-related headlines that prompted a sharp rally in bonds). The rest of the day was spent drifting mostly sideways. Stocks continued their surge to new all-time highs. Oil prices fell in concert with the
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