Morning Note | December 21, 2022 | Sell RFI and RQI. Bought RMMZ and MUJ.
Good Morning!
Markets are up 300 points on the back of Nike and Fedex earnings. The hope is that corporate earnings will be better than feared. This is boosting retail stock all around. We got mortgage applications rising 6% last week as interest rates dropped but volume is down 85% compared to this week last year. The 10-yr yield is down 3.7 bps to 3…
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