Monday Morning Minutes: Market Recap for the week ending February 26, 2021
DoubleLine’s Jeﬀ Mayberry and Samuel Lau review the week of Feb. 22-26 with their screens awash in red, with the S&P 500 down for the week and the Russell 1000 Growth Index falling negative on the year. The rough week for risk came as securitized yields rose at times at a fast and furious pace before settling down Friday, leaving Jeﬀ and Sam to question whether the yields had decided to challenge Fed Chair Jerome Powell’s pledge to focus on job creation. For their question of the week (starts at 21:03), Jeﬀ and Sam look at the strong home price appreciation throughout the pandemic, a shock amid recessionary conditions. COVID-19 conditions have contributed to the historically tight housing supply, including the WFH shiﬅ and the diﬃculty of house hunting while maintaining safety protocols.
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