MBS Day Ahead: Stock/Bond Divergence: Is Someone Lying?

Posted To: MBS Commentary

<insert something about "Brexit" and "Uncertainty" here> <insert a few random bullet points about stuff that doesn't matter here> Woops! I gave away the formula for 99% of any market analysis over the past week, but I have some space to fill, so on we go! Yes, the post-Brexit trade really is that big of a deal, and yes, there really is a metric tonne of uncertainty surrounding the topic. The problem we're dealing with is "the long-term maybes vs the short term realities." As it turns out, the short term realities aren't that scary. When I began reading up on Brexit from folks that knew a lot more about it than I did, I definitely got the sense that the short term realities were never destined to be that serious. One of the main reasons for...(read more)

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