Market Update, Monday July 27, 2020
Stocks opened mixed as investors continue to review earnings reports and monitor developments on the anticipated U.S. stimulus package. Republicans are set to release their proposal for the next coronavirus relief bill and start negotiations with Democrats as the expiration of jobless benefits is scheduled for the end of the month
Market Update, Thursday July 23, 2020
Stocks opened lower after an unexpected increase in jobless claims for the first time since March. New unemployment claims reached 1.4 million for the week ending July 18 as several states impose new restrictions on businesses to curb rising coronavirus cases.
Market Update, Wednesday July 22, 2020
Stocks edged higher as tensions escalate between the U.S. and China and investors weigh the probability of Congress agreeing on a new stimulus bill before their summer break. China’s Foreign Ministry said the U.S. instructed China to close its consulate in Houston, prompting Beijing to condemn the move as outrageous and unprecedented.
Angelo Gordon Brings MBS with Slightly Seasoned Non-QMs
An affiliate of Angelo Gordon and Co. is set to issue a $226.9 million mortgage-backed security with product that has seasoned for an average of five months. About half of the loans are non-qualified mortgages.
Market Update, Tuesday July 21, 2020
Stocks opened higher following gains in American tech stocks investors continue to digest earning reports from major companies this week. After four days, leaders of the European Union agreed to a historic $750 billion recovery plan.
Market Update, Monday July 20, 2020
Stocks opened mixed in light trading as investors assess progress towards another stimulus package and wait for additional earnings reports later in the week. The U.S. reported over 140,300 deaths from the coronavirus pandemic with that number continuing to rise as economists emphasize the importance of containing fresh outbreaks to achieve any significant recovery in the global economy.
Market Update, Friday, July 17, 2020
Stocks edged higher as investors weigh rising coronavirus infections and tension with China against signs of vaccine development and confidence that central banks and governments will initiate another fiscal stimulus.
Market Update, Thursday, July 16, 2020
Bond prices are slightly improved this morning as treasury yields have decreased in early trading. The 10-year U.S. Treasury is currently yielding 0.600%. Initial jobless claims came in at 1.3 million for the week ending July 11.
Market Update, Wednesday, July 15, 2020
Stocks rallied as new reports indicate progress in developing a vaccine for the Coronavirus.
Market Update, Monday, July 13, 2020
Stocks opened higher as investors prepare for U.S. companies to report earning this week and preview the impact of the Coronavirus pandemic.
