What’s up in Mortgage Today – 7.18.23
MBS up 16 bps on open. Stocks flat. Bonds rallied overnight due to a sharper rally in EU bonds. 10yr yields dropped to 3.743 before Retail Sales data and rallied slightly afterward. Pushback [...]
Do Not Underestimate Your Opponent Hubris is the only thing that upsets the people on the top
Reading Notes For: Do Not Underestimate Your Opponent You gain nothing from underestimating your opponent. Hubris is the only thing that upsets the people on the top of the mountain. There [...]
Mortgage Market Week in Review – Week of 2/27/23
Stocks open flat after a week of historic gains as China's Q2 growth falls short of estimates. Banks downgrade China's growth forecasts, risking Beijing's GDP target. Yields decline due to lower inflation, but [...]
What’s up in Mortgage Today – 7.14.23
Proving that you can't win them all, MBS are down 30 bps on the morning. Stocks up 12 points. UMBS 5.5 coupons were just down nearly 3/8ths of a point. A split second [...]
What’s up in Mortgage Today – 7.13.23
Mortgage Today: MBS and Stocks Rally After Lower-Than-Expected CPI Data Core CPI came in below expectations, at 0.2% month-over-month, annualizing to 2.4%. This is seen as a sign that inflation may be peaking, [...]
Finding What to Optimize by Alex Hormozi
Reading Notes For: Finding What to Optimize What is the thing that you can do longer than anyone else where to them it looks like work, and to you, it feels [...]
What’s up in Mortgage Today – 7.12.23
MBS are up 53 mighty basis points in the AM. Stocks up 44 points A 0.2% "miss" in core CPI is one of the better eventualities that bonds could have hoped for today. [...]
What’s up in Mortgage Today – 7.11.23
MBS are + 9 bps. Stocks up 6. China’s latest economic support measures buoyed stocks and commodities on Tuesday, though the mood was tempered by policy makers’ warnings of higher-for-longer interest rates. While [...]