Powell and a Big Market Week, China's Cautious Growth Target, Tesla Cuts Auto Prices ... Again. 3/6/23
Squawk on the Street
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The Mortgage Rate Move Was Very Dramatic
Mortgage rate move was very dramatic we're up towards seven percent again. KBH and DR Hordon both the JP Morgan's actually a double downgraded KBH they go from 36 down to 32 and a half that coupled with the RH downgraded Jeffries kind of lends itself to a slowing housing furnishing market. In a weird way it's a kind of unintended fiscal stimulus because the government's paying out that much more in interest into a lot of times you know investment accounts and savings accounts.
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