Slow and Steady

The stock market and the mortgage markets are normally quiet before big reports come out and today was no exception. Wachovia Bank reported a bad loss for quarterly earnings and even that was not enough to get the stock market selling and the bond market buying. Just a slow and steady day ahead of the PPI and CPI inflation numbers coming out this week.

As I always say, I try not to predict, but to react. That being said, we could certainly use some good news on the inflation front. This could trigger future Fed rate cuts and help the overall economic sentiment in the investment community.

The action will be tomorrow and Wednesday, so you better get ready... just until then it'll be slow and steady. hehehe- wow that is lame! I need a break :-)

Refinance Tool Box.