January 8, 2019

Market News

Stocks rallied to begin Tuesday’s exchange, garnering momentum from rallies in Asia/Europe.  All eyes remain on Beijing this week, as the U.S. and China meet for a second day of negotiations.  U.S. President Donald Trump tweeted, “Talks with China are going very well,” earlier today, which seems to be the catalyst for this morning’s rally.  Although few new details have emerged, optimism surrounding the propensity of a deal between the world’s two-largest economies appears to be on the up and up.  The S&P500 has since pared gains, and is currently trading at 2,552.25, 0.10% higher.

Treasuries are little changed in AM, stymied by a positive outlook concerning the U.S. and China’s trade relationship.  On top of this, market attention will likely shift to tomorrow’s release of the Federal Reserve Minutes for the December meeting.  Investors will be perusing the release for any indications surrounding the speed and frequency of rate hikes in future.  The U.S. 10-Yr Note is currently trading at 2.6977%, 0.0017 higher.

 

Josh Pappert – VP, Capital Markets
Nations Direct Mortgage