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Futures Jump On First Day Of May In Quiet Session


by Tyler Durden
Monday, May 03, 2021 - 07:57 AM
S&P and Nasdaq futures, and European bourses were volatile but ultimately rose on Monday to kick off a new month in a quiet session which saw several major markets closed, following a week of record earnings beat which however resulted in big stock drops with investors also keeping an eye on India covid cases and economic data to gauge the pace of recovery.
Trading was subdued with several including Japan, China and the U.K. closed for public holidays. S&P 500 futures added 0.6%, Dow e-minis were up 216 points, or 0.64%, and Nasdaq 100 e-minis were up 40.25 points, or 0.30%. Europe’s Stoxx 600 Index gained 0.4%. The yen weakened, while gold advanced. ....

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MLO and Sales Jobs; HELOC, Bridge Financing, Non-QM, Verification Products; Upcoming Events


MLO and Sales Jobs; HELOC, Bridge Financing, Non-QM, Verification Products; Upcoming Events
May 3 2021, 8:15AM
Who is Guramrit Hanspal? Every servicer and lender hope good ol’ Gur doesn’t start giving lessons in how to avoid making mortgage payments, which he has avoided doing for 23 years and is still in his NY house. (If I were him, is that something I really want in the press rather than laying low?) In other news, nbroken” now, what do you think will happen as the U.S. economy picks up steam? (The audio version of today’s commentary is available here is sponsored by Origence and features an interview with Roger Hull, Chief Product Officer, and Andrew Weiss, SVP of Platform Strategy focusing on the ever-changing mortgage industry and building a modern origination platform. With the Origence Mortgage Platform, you can offer your borrowers and loan officers a truly modern mortgage lending experience. ....

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Treasury Yields Rise Slightly With Focus on Biden's Tax Proposal


By Vicky McKeever, CNBC •
Updated 2 hours ago
NYSE
Biden will seek an increase in the tax on capital gains to 39.6% from 20% for those Americans earning more than $1 million, according to multiple outlets.
The April Markit purchasing managers index, which tracks manufacturing and services activity, is set to come out at 9:45 a.m. ET.
U.S. Treasury yields rose slightly on Friday morning, with investor focus on President Joe Biden s capital gains tax proposal.
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The yield on the benchmark 10-year Treasury note rose to 1.558% at 4:50 a.m. ET. The yield on the 30-year Treasury bond climbed to 2.245%. Yields move inversely to prices. ....

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Futures Rebound From Cap Gains Tax Selloff


by Tyler Durden
Friday, Apr 23, 2021 - 08:03 AM
US equity futures rebounded Friday following Thursday s 1% selloff as investors digested a proposal for higher capital gains taxes and realized that i) it is nothing new compared to previous media reports and ii) the most likely outcome is a compromise tax rate (Goldman expects a final number no higher than 28%).  Still, both the S&P 500 and Dow are on course for weekly declines, after four straight weeks of gains. At 730 a.m. ET, Dow e-minis were up 38 points, or 0.11%, S&P 500 e-minis were up 9 points, or 0.22%, and Nasdaq 100 e-minis were up 18.5 points, or 0.14%. ....

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