US MBA mortgage applications fell -12.7% in the week ended September 26, with the purchase mortgage sub-index down -1.0% and the refinancing sub-index down -20.6%. The average 30-year fixed rate mortgage rose +12 bp to 6.46% from 6.34% in the prior week.However, stock indexes recovered from their worst levels after the Sep ISM manufacturing index rose more than expected to a 7-month high. Also, a rally in pharmaceutical stocks for a second day gave a boost to the broader market and lifted the Dow Jones Indu ...

Group 1 - The article highlights the significant macroeconomic factors affecting investors, particularly the introduction of high reciprocal import duties set to take effect on August 7 [1] - It notes that Q2 corporate earnings growth is a positive aspect amidst the current economic landscape [1] Group 2 - The content emphasizes the importance of analyzing various asset classes, including stocks, bonds, commodities, currencies, and cryptocurrencies, in the context of macro drivers [1] - It discusses the role of empirical data and charts in creating engaging narratives around financial information [1]