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MBS Day Ahead: The Market Knows More Than Any One Person, And Knows it Sooner

Posted To: MBS Commentary

Many people have "expert sources" they rely on for insight to potential market movers. I understand this quite well. On the one hand , I used to believe that such experts knew more than my 13yr old about what might happen next in the market. On the other hand , I often fend off questions from my MBS Live family members that seem to suggest that I am an expert source on rates. If we're talking about what IS happening and what HAS happened in rates, sure. But if we're talking about the FUTURE, there are no gurus . Current market movement is providing a profound reminder about just how true this "no gurus" thesis is. I recently updated one of our knowledge base entries with the following snippet warning on the dangers of thinking you know anything that other people…(read more)

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