Monday, March 7, 2022

Daily Market Report 3/7/22  Today, there are no economic data to report; and this week will be very light, with the exception of Thursday, which will contain inflation data (CPI).  Markets are taking it's queue from the 12th day of Ukraine/Russia war, as oil reaches $130/barrel and US, along with it's allies, consider banning Russian energy products.  Their allies will be more adversely affected, if they act on this consideration, as it makes up 45% of their energy imports; and the US is probably less than 3%.  Investors are worrying about Stagflation, as signals appear.  Today, the flight to safety moved to gold, as investment dollars are being shuffled over; and concerns of stagflation weigh on the Markets.  MBS is currently Down 16bps, as Mortgage Rates worsened slightly from Friday's pricing.  Yields have come back down to the 1.74% range.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

Also, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then please direct message me.

No comments:

Post a Comment