Posted To: MBS Commentary

After a fairly diffuse smattering of diverse data over the past two days, Wednesday changes things up. Unless you ascribe any special importance to oil inventories, both of tomorrow's headline items hit right at 830am, preceded by the standard weekly MBA survey at 7am. As far as the double impact at 830, it's CPI and Housing starts… Both always fighters to be reckoned with… As far as double impact today, AQ did a great job covering the tradeflows and hopefully after this post, I will have done at least a serviceable job of highlighting some of the technical considerations. Sure we both crossed over a bit, but that didn't seem to make for as potent of a segue as the "double impact." The "stuff" that AQ discussed in the Open remained pertinent throughout the…(read more)