Markets remain stable

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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


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.

Superior Funding Corporation is a Massachusetts Mortgage Company. Massachusetts Mortgage Lender and Broker License: MC2972, NMLS ID: 2972.

Roman Shulman

Mortgage Professional

NMLS: 11481

Superior Funding Corporation

343 Washington Street, Newton MA

Company NMLS: 2972

Office: 617-938-3900

Email: rshulman@sfcorp.net

Web: http://sfcorp.net

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Roman Shulman

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Mortgage Professional

NMLS: 11481


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