MBS LUNCH: Here’s That Chopatility
Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary
As AQ pointed out this AM, in the midst of low volume and little, if anything to drive the markets, any given trading has the potential to move prices more than it otherwise would on a normal volume day. The evidence of this chopatility is readily apparent looking at today's trading in and of itself. That blue line is the S&P by the way, and yes, it is currently trading over it's long term resistance at 1110.00. Whether or not it will mean much to the markets if it closes over resistance today remains to be seen. But likely, unless volume picks up, the outlook on stocks, like bonds, can be slightly dismissive ahead of the FOMC meeting and announcement. A bit wider of a view lends some perspective to the shape of today's volatility. Choppy today? Yes… Out of line with recent…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/123985.aspx”>read more)
