Good Morning,
After rallying higher yesterday, Stocks are taking a breather this morning, which is benefitting Bonds and helping Mortgage Bonds break free from the downward trend they’ve been trading within since late November.
In other the news, the recently released Pending Home Sales report showed a decline of 16.0% for November. Quite a bit higher than was originally anticipated.
For now, I recommend floating to see if Bonds will continue to add to their gains. I will certainly let you know if a change of course is needed throughout the day. In the meantime, I hope you enjoy the rest of your day. If there is ever anything that I can do for you, please let me know.
Tuesday, January 5, 2010
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