HomeLoans Blog

This morning's unemployment numbers were not good. And they were not good enough to move the market sentiment.

Bad housing - check

Bad employment - check

Weak manufacturing - check (Philadelphia Fed business outlook survey from today - as bad the unemployment figures)

Bad overseas news - check (Greece this week)

4 checks means investors move to bonds.

There remains good evidence that the market thinks bonds are overpriced and should correct at some time. But with the news, bonds have jumped and the Dow has jumped down.