Locking for short term transactions

Locking for short term transactions

Initial Jobless Claims for last week came in lower at 339,000 versus the estimate of 351,000.  The news is better than expected, but hardly a consistent reason to push stocks higher.  Especially given the volatile week to week fluctuation.  Nevertheless, stocks are pushing higher with the Dow up 75 points and the S&P 500 up 10 points to almost 1590.  mortgage bonds are flat, but have been stable for about 2 weeks now.  This could be a good sign for rates, as the price momentum  for bonds since early March was a bit too steep to maintain.  Earnings season still has a few weeks to go, so stocks look to be targeting all-time highs, possibly putting a cap on bonds.  We will suggest locking in on short term transactions.