Many investors have dubbed the status of our US Economy as “Goldilocks”, not too hot and not too cold. But the most recent economic data has suggested that perhaps the porridge of economic growth in the U.S. is cooling.
Stock Rally Pushes Rates Up Investors large and small typically seek the relative safety of the bond market (including mortgage bonds) during times of uncertainty. Rates over the last month have benefited from this “flight to safety” of capital as stocks have been sold in favor of bonds.
Swing and a Miss! Job Report Strikes Out Friday’s key Employment report was disappointing nearly across the board. Against a consensus forecast of 205K, the economy added just 142K jobs in September.