Colorado Springs CO real estate listings and homes for sale, home buying, home selling information – Melanie A. Henn, Licensed Mortgage Originator

The HENN Blog: Higher Education Now for Mortgage & Real Estate News

**Alert: Market Update: Friday Close August 12, 2011**

August 13th, 2011 10:54 AM

Fri, Aug 12 - 5:00 PM ET

CLOSING TECHNICAL SIGNAL: MBS will continue the same pattern at these levels.But watch for sideways with a slightly downward bias.

MARKET WRAP: Markets were relatively quiet today after the extreme volatility and panic in the beginning of the week in the equity markets, which helped propel the Bond markets to 2011 highs. The 3.5% coupon rose 47bp today to end at 100.97. Stocks also closed higher - the Dow jumped 125.71 to 11,269.02, the S&P 500 Index rose 6.17 to 1,178.81 while the Nasdaq was higher by 15.30 to 2,597.98. Oil finished at $85.38/barrel down 34 cents, down 1% for the week. Next week there is a cornucopia of economic data set for release, check out MMG's economic for the data and dates for release. Have a great weekend!

2:13 PM ET - Retail Sales strong, Consumer Sentiment sinks.

1:10 PM ET - US Appeals Court rules that Pres Obama's healthcare individual mandate to own health insurance unconstitutional.

1:05 PM ET - Oil at $86.38/barrel up 67 cents.

1:04 PM ET - Gold at $1,740/oz. down $11.

1:03 PM ET - Markets quiet today with no major peaks and valleys in the markets.

11:44 AM ET - Stock rally heats up, Dow up 185 points.

11:39 AM ET - Stocks, Bonds and oil all trading higher today.

11:03 AM ET - Fed's Dudley saysdoesn't see a double dip recession.

10:38 AM ET - The Consumer Sentiment survey was taken the first part of August when consumers had to contend with a debt ceiling debacle, a cut in the AAA rating of the US credit rating and a plunge in the Stock markets.

10:37 AM ET - Stock markets show resilience and move well into positive territory despite the weak read on Consumer Sentiment.

10:17 AM ET - MBS jump to session levels after the weak Consumer Sentiment reading but have sincepared some of those gains. Can you spell V-O-L-A-T-I-L-I-T-Y?

10:03 AM ET - Consumer Sentiment reading of 54.9 was the lowest number since May 1980.

9:56 AM ET - Consumer Sentiment falls to 54.9 vs the 62.5 expected. Bonds improve, Stocks giving up gains.

9:47 AM ET - Fed's Kocherlakota says more interest rate policy easing unnecessary.

9:32 AM ET - Stocks open sharply higher.

9:01 AM ET - Despite a rising Stock market and a positive Retail Sales report, Bond markets well into positive territory, for now.

8:34 AM ET - Bonds lose some steam after the positive sales data.

8:33 AM ET - Retail Sales ex-autos rose to 0.5%, above the 0.2% expected.

8:31 AM ET - Retail Sales at 0.5% inline but previous reading revised from 0.1% to 0.3%.

8:23 AM ET - Oil at $86.15/barrel up 43 cents.

8:15 AM ET - Retail Sales at 8:30am ET, Consumer Sentiment at 10.

8:13 AM ET - Stock futures near unchanged levels after a week that featured extreme volatility.

8:12 AM ET - MBS bouncing back after yesterday's steep sell-off.

Posted by Melanie A. Henn on August 13th, 2011 10:54 AMPost a Comment (0)