What’s up in Mortgage Today – 6.23.23
MBS up 11 bps on the morning. Stocks down 27 European PMIs were weaker overnight with the services sector in France and Germany leading the way (France: 48 vs 52.5 f'cast, Germany: 54.1 [...]
What’s up in Mortgage Today – 6.22.23
MBS down 28 bps on the open, stocks down a couple of points too. The mortgage market started the day lower, with MBS down 28 bps. Stocks were also down a couple of [...]
Opportunities only look like opportunities in the rear-view mirror : Hormozi
Reading Notes For: Regretting The Opportunities Not Taken Opportunities only look like opportunities in the rear-view mirror. Today, they only look like a risk. They look obvious in retrospect. Look like [...]
What’s up in Mortgage Today – 6.21.23
MBS are down 22 bps on the morning. Stocks losing about 20. Bonds were gradually weaker in choppy trading overnight. UK bonds led the selling in during European hours following a higher CPI [...]
What’s up in Mortgage Today – 6.20.23
MBS up 5 bps early. Stocks have lost 20 points. The New Residential Construction report (the source of starts/permits above) almost never accounts for a reaction in financial markets. This morning is proving [...]
Most Distractions Come Dressed As Easy Opportunities – Alex Hormozi
Reading Notes for: Most Distractions Come Dressed As Easy Opportunities = Businesses die of indigestion, not starvation. Entrepreneurs are often rewarded for changing directions. Nothing works, change direction, nothing works, change direction. [...]
What’s up in Mortgage Today – 6.16.23
MBS are down 28 bps early. Stocks continue their run being up 12 points The overnight session was actually fairly calm and contained for bonds. Volume and volatility started to pick up right [...]