Market Snapshot April 27, 2022 – Market Push and Pull Continues To Affect Economy

Good Morning on this best day of the week, Wednesday,

The push and pull continues. Stocks got clobbered yesterday and are clawing back about half of those losses. Yesterday, bonds had good run until the last hour or so of trading where they gave up most of the gains. Not much new today but bonds are feeling a little squeeze. The 10-yr Treasury is back to 2.79%and mortgage bonds are off a bit but better than their lows at the open. Very much a one step forward, one step back trading pattern. It feels as bonds are following stocks, which are following the headlines and not the data. The rest of the week has a lot of data to digest. I would recommend staying locked for the time being.

Fortune shared a good piece this AM on a housing report written by Corelogic, defining their views on the chance of price deflation.. I am including a snippet of it below.

Please remain safe and healthy, make today great.