October 4th, 2016
Below is the news when it happened and the market’s reaction. For best results start at the bottem and work your way up. All Times are Eastern Standard Time.
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8:48 AM - The New York Fed will be purchasing up to $2.775B in Fannie/Freddie 3s and 3.5s this morning.
8:42 AM - CoreLogic reports that August home prices rose 6.2% year-over-year, +1.1% from July.
8:30 AM - U.S. dollar index 96.23, +0.64.
8:28 AM - 10-yr T Note yield 1.62%.
8:27 AM - WTI oil $48.56/barrel, -$0.24.
8:21 AM - S&P futures now near unchanged.
8:21 AM - Stock investors are treading carefully due to the future interest rate environment, upcoming earnings season, the U.S. presidential election and Britain's separation from the European Union.
8:18 AM - Fed's Lacker (non-voter) said there was a strong case for raising interest rates to keep inflation under control. Feels the Fed Funds Rate should be 1.5%.
8:16 AM - There are no economic reports due for release today.
8:14 AM -MBS open higher while S&P futures edge higher as the Deutsche Bank woes ease.