Consumer confidence is at a 10 month low due to pessimism regarding the outlook of the labor market. Following the release of the report stocks sold off and the bond market rallied.
Investors are uncertain what will happen when the Fed ends their support of purchasing mortgage backed securities. This is scheduled to happen the end of March. One reporter referred to it as the Fed taking off the training wheels on the housing market. Check out the link on my twitter page regarding this. It is an interesting commentary from experts that was aired on CNBC.
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