We find ourselves in the 3rd quarter of 2026. The stock market has made the headlines, but between a) the reduction in the number of publicly held companies, and b) the weight given to AI-related ...

Bonds have added modestly to Tuesday's big quarter-end sell-off (a phenomenon that has nothing to do with the sorts of fundamental developments that dictate a vast majority of market movement).

Starting last Thursday, mortgage rates have barely budged. In terms of our 30yr fixed index, the maximum day-over-day change ...

Why We Saw Steady Selling All Day We expected volatility would pick up on Tuesday for one reason or another and it did not ...

Volatility Risk Ramps Up From Here Monday made it clear that traders are playing by the typical summertime, holiday week ...

Early Gains. Flat Afternoon. MBS Underperform Friday ended up offering a boring conclusion to a week that had at least some ...

New home sales weakened further in May, extending the pullback seen over the past several months as elevated mortgage rates ...

Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a ...

The PCE price index may be a less timely report than CPI/PPI when it comes to measuring inflation in the U.S., but it's more ...

Mortgage applications posted a modest increase last week, though overall activity remained subdued by historical standards as ...

Bonds spend most of the night trading sideways to slightly stronger. Oil prices fell sharply, making it tempting to conclude ...

Q2 has been one of the best quarters for stocks going all the way back to the dot com boom, even after the 4-5% pullback in ...