This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wall Street Webcasting Presents: Wells Fargo Securities: “Fed’s Decision Not To Taper Appears To Have Supported Treasuries And MBS, Damaged The Dollar.”

Wall Street Webcasting has prepared and provided for you an exclusive broadcast of Wells Fargo Securities own, Rich Gordon. Gordon is highly recognized for his weekly narrates regarding the fixed income strategy at Wells Fargo Securities ( NYSE: WFC). This week, Gordon discusses the Fed’s ‘no tapering’ decision and what affect it is having on the economic growth.

Our leaders in Washington have recently made some decisions that abandon the best interests of the American people collectively; however, most are optimistic that the impasse will be resolved within a few days. A result may very well be a shut down in the Federal Government, which could have substantial negative effects on many aspects of economic growth: “A shut in of 2 weeks will shave approximately .3 % of the 4 th quarter GDP, which our economics group currently estimates at 2.6%, assuming no shut down.” Furthermore, the VIX Index has elevated over 400 basis points, and the S&P has backtracked close to 3%, since it hit its highest level just 3 weeks ago.

The spread sector that has gotten the biggest boost from the Fed’s ‘no tapering’ decision is agency NBF, with mortgage origination rates taking a climb of more than 100 basis points in 2013. Mortgage application and production declined by more than 50% since May, and several major mortgage originators and servicers have reduced head count.

Gordon concludes that there is not nearly enough supply to meet demand right now, which may result in tightening spreads in OAS and “very rich dollar roles.” There is another 15 basis points of upside until spreads return to the richer levels seen during the first half of the year.

To hear a more in depth explanation of recent trading patterns, and what other affects the late economic data may have, please tune into Wells Fargo Securities’ latest video.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs