Markets remain stable

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Published Date 12/27/2023

This morning little news. There are no key data points today and very little information the rest of the week. Tomorrow the weekly jobless claims won’t mean much, its claims for last week. November pending home sales tomorrow. Friday the December Chicago purchasing managers index.

Israel is stepping up its expanded ground offensive. Iran is stepping up its nuclear program. Houthis from Yemen continuing to attack ships in the Red Sea. The US continues to be attacked by Iran proxies. Israel’s top general, Herzi Halevi, said “the war will continue for many more months,” given the complexity of uprooting Hamas.

At 9:30 am the DJIA opened -52, NASDAQ +25, S&P -1. 10 year note at 9:30 am 3.84% -6 bps. FNMA 6.0 30 year coupon at 9:30 am +10 bps from yesterday’s close and +1 bp from 9:30 am yesterday. Correction: yesterday we mistakenly reported the S&P at a new high, it did not, the record high 4796 set in 2022, at 10 am this morning.

At 10 am December Richmond Fed manufacturing index, expected -6 from -5 in November, the index declined to -11.

At 1 pm Treasury will auction $58B of 5 year notes

Trading volume very low this week.

Source: TBWS

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All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

This communication (including attachments) is for information purposes only. It is not an offer, solicitation, recommendation, or commitment for any transaction or as a confirmation of any transaction.  Bobbie Jo Haggard, NMLS #92472; Heartland Mortgage Inc, NMLS #3205; Office: (509) 529-3280; Licensed to business in Washington & Oregon; NMLS CONSUMER ACCESS WEBSITE:  HTTPS://www.NMLSConsumerAccess.org

Bobbie Jo Haggard

Loan Officer / Mortgage Specialist

NMLS: #92472 - Washington & Oregon

Heartland Mortgage Inc.

30 S Palouse Street, Walla Walla WA 99362

Company NMLS: #3205

Office: 509-301-1661

Cell: 509-301-1661

Email: BobbieJo@HeartlandMortgageInc.com

Web: https://www.WallaWallaMortgage.com