17 Sep iPhone Sales Record
Stocks are relatively quiet at the open today. The only news scheduled for release was the Empire Manufacturing Index, and it came in at its lowest level in almost 3 /12 years. There seemed to be more excitement from consumers as the Iphone 5’s debut, setting a record of 2 million sales in just 24 hours. It was also said that the Iphone alone could help GDP by .5%. Mortgage bonds are higher this morning as investors are concerned about anti American tensions spreading to more countries, as well as the Israel/ Iran conflict. Oil prices are close to $100 a barrel as any type of outbreak could quickly get out of hand and cause oil to spike quickly. We will advise locking in at these all time low rates.