President Obama spoke to the nation last night and gave a pause to - TopicsExpress

President Obama spoke to the nation last night and gave a pause to Congress on a Syrian airstrike vote as he pursues the diplomatic route on the situation. This has caused some uncertainty over in the Stock markets, which has shifted investing dollars back into Bonds. Mortgage Bonds are trading higher in the absence of any major economic headlines trading between key technical levels. Mortgage application volume continues to decline as the refinance index hit low levels not seen since June 2009. I will continue to recommend a Cautiously Floating bias, but remain aware that sentiment can quickly reverse in this market.

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