10/05/2022
Stocks started the day lower as global investors were catching their breath after two vigorous days of buying. Treasury yields started the day higher after word got out that the Bank of England wasn’t buying long-term Gilts. Mortgage applications fell -14.2% last week as both purchase and refinance applications fell. The ADP Nonfarm Employment Change rose to +208k jobs created in September, up from +185k last month....
Stocks started the day lower as global investors were catching their breath after two vigorous days of buying. Treasury yields started the day higher after word got out that the Bank of England wasn’t buying long-term Gilts. Mortgage applications fell -14.2% last week as both purchase and refinanc...