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Today's market Commentary
January 18, 2019
Commentary & News
10:00 am Price
Mortgage bond prices were near unchanged at the open which kept us a few ticks worse since pricing yesterday morning. There was no data at the open.
Industrial Production up 0.3%, expected up 0.2%, Capacity Use 78.7%, expected 78.5%, Consumer Sentiment 90.7, expected 96.
Stock futures were sharply higher after gains yesterday. The DOW was up 128 points at 10am et pricing. There was talk late yesterday of the possibility of an easing of tensions between the U.S. and China. This could possibly result in a lifting of tariffs and global equities were buoyed overnight as a result. This is pure speculation but in the short term we have seen stocks react positively.