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Dan Nathan Predicts Recession

The Compound and Friends

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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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