Good Friday AM,

First, If you are celebrating the Jewish Holidays, I wish you a very happy and healthy New Year.

Equity markets stalling a bit today and bonds flat. That’s really the headline for now, although I am sure my kids are more concerned about Tik Tok and We Chat being cut off by President Trump as of Sunday. This is not a political statement at all but could this seem a little like censorship and an infringement on the 1st amendment? I am sure my daughter, who just graduated law school, will make sure to remind me of this later today. Moving on, bonds are sitting fairly idly waiting for the next move. If stocks falter that would likely be a win for bonds and interest rates’ but I doubt much improvement will find its way into the rate sheets right now. I would not argue with a decision to lock right now.

1 million — the approximate number of homeowners who are behind on their mortgage by at least 30 days and aren’t enrolled in the forbearance program set up by Congress early on in the coronavirus pandemic. They could be at risk of losing their homes when restrictions on evictions and foreclosures end as early as January. Homeowners with federally guaranteed mortgages can skip monthly payments for as long as a year without penalty and make them up later. The catch is they must call their mortgage company to ask for the relief.

Please remain safe and healthy, enjoy the weekend and first, make today great!