Market Morsels: Mortgage Spread
The spread between the 10 year and the 30 year mortgage is starting to normalize. If this continues and mortgage rates keep coming down, housing could turn soon and start adding to GDP:
Market Morsels: Crude Oil
Crude oil futures have returned to backwardation after a couple of months of contango. Near-term demand improved relative to supply. https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html#venue=globex The crude oil chart looks like it is setting up for a rally:
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