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The major stock market indexes pulled back modestly from all-time highs reached the previous week to record its first weekly decline since the middle of January.  A crude oil inventory report on Thursday showing a sharp increase in supply sent oil prices below $50 a barrel for the first time si...

The major stock market indexes continued moving higher to record new all-time highs for the fourth consecutive week as investor sentiment was boosted following President Trump’s highly anticipated and successful first speech before both houses of Congress.  Bonds did not fare as well with price...

Weekly Review   The major stock market indexes finished the week “mixed” with little overall change as did bond prices.  The rather flat, lackluster performance in the financial markets may have been reflective of trader’s attention on the current political environment in Washington rather...

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This past week the major stock market indexes ended mixed for the week while bond prices plunged, with yields and interest rates rising.  The week’s most significant piece of economic news was the Federal Reserve’s decision to raise the target for the fed funds rate by 25 basis points to a rang...

This past week the major stock market indexes traded to new all-time highs as investors became more optimistic about the incoming Trump administration's plans for economic stimulus through deregulation, reduced corporate tax rates, and leveraged infrastructure spending.  The stock market may ha...

This past week there were numerous economic reports released to influence stock and bond traders highlighted by a somewhat disappointing November employment report.  Other influential reports included the second estimate of 3 ^rd Quarter GDP; the October Personal Income and Spending report; and...

   

Encouraging economic news during the week resulted in rising bond yields and lower bond prices while stock prices put in an uneven performance on mixed third quarter corporate earnings reports. Disappointing third quarter earnings reports from Apple, 3M, Caterpillar, and Sherwin-Williams in addition...

From: Richmond Times Dispatch The housing market in the Richmond area and surrounding counties is closing in on its fifth year of year-over-year growth, according to a report released Tuesday by the Central Virginia Regional Multiple Listing Service. Residential sales in the immediate Richmond area ...

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The stock and bond markets both struggled this past week.  Stocks fell for the second consecutive week as some encouraging domestic economic news was offset by a China Trade Balance report showing a 10% drop in exports and a 2% decline in imports during September.  This report renewed inve...

Mortgage bond and U.S. Treasury prices finished the week close to where they began, although the yield curve steepened somewhat as shorter-term yields declined slightly.  Early in the week, Treasury yields increased, but then dropped when weaker economic data provided investors more assurance t...

Mortgage bond and U.S. Treasury prices finished the week close to where they began, although the yield curve steepened somewhat as shorter-term yields declined slightly.  Early in the week, Treasury yields increased, but then dropped when weaker economic data provided investors more assurance t...

  http://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000546791&size=530_298

This week brings us the release of only four pieces of monthly economic data with one being considered highly important. In addition to the economic data, the minutes from the last FOMC meeting will also be posted. There is nothing of relevance to mortgage rates scheduled for release tomorrow, so l...