MBS Day Ahead: Cue The Thanksgiving Consolidation

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Posted To: MBS Commentary

I used to be annoyed by the word "consolidation." It was on a short-list of market jargon words that were overused and possibly nebulous. But over the years we've become friends . If it has annoyed or confused you, give it another chance. You might just find a new friend. I'm not sure what kind of market terminology glossaries there are out there, but I can make it easy for you with one synonym: REGROUPING . The word "regrouping" sounds kind of weird as a noun. Otherwise, I think it's an even better term than "consolidation." Either way, we're talking about markets moving sideways after a rally or sell-off. Oftentimes, the sideways movement initially takes the shape of a push back against the previous move (i.e. a sell-off gives way to a nice little…(read more)

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