Has rallied higher. I will give you comments from former treasury secretary Larry Summers. He spoke to david westin about a much higher rate. Bloomberg dollar index continues to gain ground. It has been a lot of strength of the past four weeks as the yields get higher they are more attractive to Foreign Investors who needed to buy dollars to access that. Crude, very interesting traded today. We have inventories a little bit light. Nonetheless, we see nymex crude below 80 a barrel. West texas intermediate going for 79. 84. I want to talk about the housing sector first. 30year Mortgage Rates have top 7 , a threshold double impact affordability, sales, and refinancing activity. Here is Reade Pickert to explain. What do we know about what the 7 mortgage is going to do to the Housing Market, which already seems like it is in a deadlock since home wonders dont want to give up cheaper mortgages they have . Thats exec the right. We have data that shows that the 30year contract rate on a mortga
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
This business. There are so many Different Things you need to balance in order to be a great investor that it can be hard to keep track of everything. Now, a lot of this stuff is much more important than the daytoday action in any particular session. This stock went up, this stock went down. Without the right discipline, the right framework, the right dare i say philosophy, youre going to get yourself into trouble. And thats why were all about discipline when we manage the travel trust for the cnbc investing club. Its why we constantly fall back on the rules, our investing guide to guide our Decision Making for every kind of market, and tonight, im going to share some of them with you. But i know that the big picture Financial Advice can be hard to process. A lot of its down right contradictory. Thats a keyword. We tell you to have conviction, to stick with the companies you believe in, and then we say you need to be ready to change your mind on a dime if the facts change . You need to
The value of all publiclytraded stocks has gone up by 10 trillion in the last 122 months. That is a Wealth Creation machine like no other, and theres no pullback this morning. The dow can, its getting close to 40,000, real close actually, its going to be not much change to start the day. Same with the s p and the nasdaq is up a point. A tiny bit of green after yesterdays record closes. As for Interest Rates, well, theyre staying at lower levels. Well start with the 10year treasury, youre down to 4. 35 this morning and the 2career, thats a long way below 5 , 4. 77 right now. Bitcoin on the upside today, 66,000. Gold Holding Around 2300, 2400, 2383, to be precise. Oil still below 80 a barrel, 79. 34. No change for gas. Regular, 3. 60. Diesel is down one cent, 3. 92. Politics. The new fox Poll Shows Trump Holding a narrow lead overall, but he has a growing lead with key voting groups. Blacks, hispanic, suburban women and moderates. More detail emerging about the two candidates the two deb
In the second friendly match, the Russian National futsal team defeated the serbian team, the final score was 5 0. My colleague Alexander Abramov watched the match, here is his report from st. Petersburg. Home for the Russian National futsal team for the april Training Camp. Big football, you are the World Champion in beach soccer, have you ever played minifootball . I played during my student years and, to be honest, i was very bad at it, so thats why it didnt work out with futsal, but it worked out in other types of football. The Russian National futsal team today consists of 16 people. The largest Club Representation at the exenburg senara is four people. The team has three foreign players, including the main star of the current Russian National team, artyom neyazov. He plays in spain. Also. Captain Ivan Cishkala represents the portuguese benfica. Always come to the National Team this is the best thing that can happen, because this is a single family, we come here with great desire,