BMIC Mortgage Blog

S&P 500

April 1st, 2013 11:34 AM by Gary Schiller


Congratulations to the S&P 500 which finally achieved an all-time high record close on Thursday, March 28th. This has been a long time in the making, and something that the markets have been anticipating. Now that stock prices are at their highs the stock market may be vulnerable to a pullback on any disappointing economic data.

This is another busy week filled with economic data. Today, the ISM MFG Index, reported manufacturing weaker than expected. The ADP payroll report is released on Wednesday and Initial Jobless Claims on Thursday. We will also get the Jobs Report on Friday. We should watch these reports carefully, because any pullback in stocks may benefit Bonds, which could affect mortgage rates.

Stay tuned for Friday's fun read, Real Time w/ Amy.

Have a fantastic week!


Posted in:General
Posted by Gary Schiller on April 1st, 2013 11:34 AM