Last | Change | Percent | |
S&P Futures | 1748.2 | 4.2 | 0.24% |
Eurostoxx Index | 2975.3 | 12.8 | 0.43% |
Oil (WTI) | 98.62 | 1.2 | 1.27% |
LIBOR | 0.237 | 0.001 | 0.21% |
US Dollar Index (DXY) | 80.83 | -0.203 | -0.25% |
10 Year Govt Bond Yield | 2.68% | 0.01% | |
Current Coupon Ginnie Mae TBA | 105.9 | 0.0 | |
Current Coupon Fannie Mae TBA | 104.7 | 0.0 | |
RPX Composite Real Estate Index | 200.7 | -0.2 | |
BankRate 30 Year Fixed Rate Mortgage | 4.26 |
Markets are up small this morning on overseas strength. Market darling TWTR is down 20% this morning after an earnings miss #bloodbath. Initial Jobless Claims came in at 331k, slightly below expectations.
Other economic data this morning - productivity rose 3.2%, while unit labor costs fell. Challenger, Gray, and Christmas reported announced job cuts increased 11.6% in January.
Regarding obamacare, we are now getting earnings announcements from the big health insurers who are considering pulling out of markets - Aetna and Humana both made such announcements.
Tomorrow we will get the January Jobs report and find out how many people are still liberated from working.The partisan spin war on that CBO report continues... One thing to watch for is a sharp sell-off in the bond market. Emerging markets woes have been on the back burner the past couple of days, which means the bond market could be setting up for a sharp sell off on a strong number. I would highly advise against floating right now.
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