Jeff Jensen's Blog

By
Real Estate Mortgage Broker - Annie Mac Home Mortgage

ARCHIVED BLOG POSTS

2010 

News of a slowdown in the progress of the Domestic Gross Product (GDP) caused the stock market to open with a thud.  Fortunately that was followed by a Chicago Purchasing Manager's Index which reflected a solid improvement over expectations.  Consumer Sentiment also improved.  At the end of the d...
Posted over 3 years ago
Mortgage backed securities closed up 12 basis points today at 102.41 maintaining yesterday's momentum once again closing in record territory.  MBS bonds advanced early in anticipation of jitters in the stock market.  When the GDP numbers showed a retreat from the first quarter's prgress, they ros...
Posted over 3 years ago
The Dow Jones Industrials average had another sea saw session today starting high, dipping down to worse than minus 100 before closing with a moderate loss.  Good news on earnings from Exxon/Mobil and optimism about Europe's economy propelled stocks to an early advance.  Around noontime, however,...
Posted over 3 years ago
Mortgage backed securities closed up 22 basis points today closing at 102.25 having smashed  through the double levels of resistance that have been capping progress for days.  This puts MBS bonds at record high levels and correspondingly put interest rates at all time lows.  Bonds would have surg...
Posted over 3 years ago
Boeing announced better than anticipated second quarter earnings early this morning setting the stage for what looked to be a rosy day at the stock market.  Shortly thereafter, however, Durable Goods Orders were released and they showed a surprising decline instead of the anticipated gain.  The g...
Posted over 3 years ago
Mortgage backed securities closed up 22 basis points today closing right at the resistance level offered by the close of July 16th.  The day began with an upward trend but cautious anticipation prevailed about the results of today's Treasury auction.  When news that the auction went well was rece...
Posted over 3 years ago
Positive earnings reports continued to roll in today.  Early this morning DuPont, a Dow component, exceeded the estimates for the second quarter.  The S & P 500 closed above its 200 day moving average yesterday which also helped propel the Dow to a positive open.  At 10 AM, however, those pesty c...
Posted over 3 years ago
Mortgage backed securities closed down 6 basis points today at 101.81 coming to rest below the double resistance and above the 25 day moving average.  Today's $38 billion Treasury auction was well received but the spector of an additional $64 billion to be auctioned this week kept MBS bonds in ch...
Posted over 3 years ago
Stocks opened higher today on news that Fedex raised it expectations for the rest of the year.  Then just after 10:00 O'clock news came in that not only had home sales improved but they shot up an amazing 23% from May's 267,000. sales to 330,000. in June.  More startling news was that inventories...
Posted over 3 years ago
Mortgage backed securities (MBS) closed up 12 basis points today at 101.88 once again steeling in just under double resistance .  It is surprising that MBS bonds did so well today.  Normally with stocks advancing strongly, an extremely overbought bond market and the news that the Treasury will au...
Posted over 3 years ago
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Jeff Jensen

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