Feb 5
Category | Daily Joke

Mortgage Bonds ended near unchanged and off their best levels as Stocks rallied big on positive earnings, corporate deals and rising oil prices. The 3% coupon closed near unchanged at 102.97 at 5:00pm ET. Stocks rallied big pushing the Dow (17,884.88, +211.86) and the S&P (2,062.52, +21.01) into positive territory for 2015 - Nasdaq (4,765.10, +48.39). Oil was last seen at $50.48/barrel up $2.03. The January Jobs Report will be released at 8:30am ET tomorrow morning where it is expected that employers added 235K jobs. Be sure to tune in near that time tomorrow to get the numbers and the market reaction. 


Feb 5
Category | Daily Joke

Technicals take a backseat, locking is recommended into the jobs report. 

Funny Joke

Feb 3
Category | Daily Joke

A group of women were at a seminar on how to live in a loving relationship with their husband. The women were asked, "How many of you love your husband?" All the women raised their hands.
Then they were asked, "When was the last time you told your husband you loved him?"
Some women answered today, a few yesterday, and some couldn't remember. The women were then told to take out their cell phones and text to their husband: "I love you, sweetheart."
The women were then instructed to exchange phones with another person, and to read aloud the text message they received, in response.  Some of the replies follow.  If you have been married for quite a while, itself a sign of true love, who else would reply in such a succinct and honest way?
1. Who the heck is this?
2. Uh, mother of my children, are you sick or what?
3. Yeah and I love you too. What's up with you?
4. What now? Did you crash the car again?
5. I don't understand what you mean?
6. What the heck did you do now?
7. Don't beat about the bush - just tell me how much you need?
8. Am I dreaming?
9. If you don't tell me who this message is actually for, someone will die.
10. I thought we agreed you wouldn't drink during the day.
11. Your mother is coming to stay with us, isn't she?

Mortgage Bonds are lower to begin the new trading month; this despite a weak reading from the ISM Index and a tame inflation report.

I will begin the week with a floating recommendation, but as we know, sentiment can quickly reverse. If anything changes, I will get back to you.

Have a great week!

Mortgage Bonds are trading higher as Stock prices decline due to a weak Gross Domestic Product (GDP) reading, along with mixed corporate earnings news.

Within the GDP report it showed that inflation pressures continue to ease, which is a positive sign for the Bond markets.

I am recommending carefully floating, but with Mortgage Bond prices near the multi-year highs, sentiment can quickly reverse. If anything changes, I will get back to you.

Have a great weekend!

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