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MBS Day Ahead: Brace For Nonsense in The News

(Mortgage News Daily) - 12 months ago
 Posted To: MBS CommentaryOne of my favorite things to do is to push back on news media bandwagons with indignation and incredulity. Today provides a great opportunity for that because stocks are starting off weaker and most media outlets seem to be focused on the wrong stuff, or rather, only focused on one thing . Specifically, the announcement of new China-specific tariffs is said to be driving stocks and bond yields lower. Balderdash! Sort of... Yes, China tariffs have been a market mover this...
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