Reading Notes for: Fight weak emotions with the power of logic; fight the weakness of logic with the power of emotion. And in the balance of those two, you will find [...]
MBS down 12 bps to start the week. Stocks down 30 points. Yields dropped modestly last night as Treasury trading got underway in Tokyo, but then held almost perfectly flat until hitting European [...]
Ouch. MBS down 37 bps this morning. It looks like it was wise for the bond market to play it safe by winding down the rally momentum yesterday because this jobs report doesn't [...]
MBS up 5 bps early ; Stocks pretty flat Bonds were sideways in Asia and then stronger in Europe. 10yr yields were at their lowest levels of the day (3.253) just after the [...]
Reading Notes for: Peter Diamandis’ 32 Laws 26. Without a target you’ll miss it every time. If you don’t know where you are going, it’s very hard to get there. [...]
Stocks & Bonds both down. MBS down 2 bps. Stocks down 12 pts Bonds were almost perfectly flat in the overnight session. 10yr yields and MBS were unchanged ahead of the 8:15am ADP [...]
MBS are up 5 bps on the morning. Stocks up small. It was a fairly straightforward overnight session with bonds holding perfectly flat in Asia and then following EU yields steadily higher. EU [...]
Reading Notes for: Peter Diamandis’ 32 Laws 20. You get what you incentivize. Anything important to you can be an incentive. Money. Homes. Ferrari. Feeling good. Sense of accomplishment. [...]
