2min chapter

The Compound and Friends cover image

Dan Nathan Predicts Recession

The Compound and Friends

CHAPTER

Are You Surprised That With 10 Year Yields Above, Where 30 Year Mortgages Are?

I just want to make one point about the mortgage refi thing. It was interesting this morning when I woke up and I looked at the markets as the first thing that I do as you guys probably do most days. And I saw the 10 year above 4%. We all knew it was going to be there, right? The S&P was down like 50, 60 basis points in the overnight session and the NASDAQ was down 80. So we're likely to see some consolidation. We're likely to seeing a whole heck of a lot more job cuts over there,.

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