Posted To: MBS Commentary
It's been an utterly hopeless week for domestic economic data so far, with nary a top tier report in sight. Not only that, but after last week's ADP and NFP reports were so easily overlooked, who else would dare step up to the plate? To be fair to econ data, it's not ADP or NFP's fault for failing to move markets. It's not as if they weren't inspiring enough to get the job done. The issue--as we've discussed so much that you may already know what's coming--is that there have simply been bigger market movers about. With that in mind, today's Retail Sales data only has a chance to matter inasmuch as those "other" market movers remain at bay. That means we'd need to see an absence of any major moves in stocks or oil. Of course if stocks and oil...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2044bcd
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