Market Comment

Stocks improved in early trading, which put pressure on Bonds. However, Stocks have since given up those gains, and Bonds are holding their ground.
In the news, the Initial Jobless Claims number came in better than expected. Additionally, the four-week moving average has declined for six consecutive weeks, suggesting some slight improvement in the job market. The news put pressure on Bonds early this morning.
Currently, Bonds are attempting to hold their ground at the 50-day Moving Average. I recommend floating for now, as I watch for tomorrow's official Jobs Report, which may come in worse than expected and help Bonds improve. I will keep you posted.

Leonard Winslow, Branch Manager, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.domiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.