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RateWatch NOW Daily Update 10.27.10
Автор: JohnPayneLending
Загружено: 2010-10-27
Просмотров: 10
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Rough couple of mornings caused mostly by Fed Speak. The market is now doubting the Feds commitment to take massive action on rates. We are baking in the expectation of bad news on November third. This seems to be upstaging any other economic news today.
We did get slightly improved new home sales numbers, but they still stink and durable goods (ex-transport) was weak. I would think those to items would allow for some lift....Perhaps not until after the 5 year auction today.
Hang in there...this looks oversold to me!
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