Posted To: MBS Commentary

Admittedly, this is less of a "day ahead" at this point and more of a "day in progress." Nonetheless, we can discuss the lay of the land as we gear up for more volatility in financial markets. Why would we expect volatility? The reasons are many. Election. The US presidential election is weeks away. This always has potential to cause volatility, and the run up to the election is currently keeping financial markets relatively more subdued. Covid at home . Covid-related news is ongoing, of course. Markets continue to show a willingness to react to significant changes in case counts, vaccine trials, new treatments, mortality, and the anticipated economic effects of all of the above. Winter is coming, and we're about to learn 'something' either way. If the fight…(read more)

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Source: Mortgage News Daily