MBS RECAP: Stocks Taking Bonds on Year-End Roller Coaster

Posted To: MBS Commentary

Is this the "big one" or isn't it?! That's what everyone with a vested interested in the stock market would like to know about the ongoing sell-off that's been in play during the fourth quarter of 2018. The record highs at the end of September created a high. These concerns ramped up significantly in the middle of December when stocks broke through their shorter-term resistance levels. It may still be the case that December was just the tip of the iceberg for a much bigger downturn in stocks, but there's an equally good case to be made for a big bounce back in January. Investors seem to have been betting on both sides of that debate this week with a few big losses followed by a few big bounces. In each case, bonds are being brought along for the ride. Bonds' involvement...(read more)

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