Mottek On Money

Mottek On Money (Weekend of February 27th, 2021)


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Stocks take a bumpy ride and end the week lower as the yield on the benchmark 10 year note moves sharply higher sending mortgage rates up. The Dow posted 2 days of triple digit losses in a row. All of the major averages ended the month of February with gains. Bitcoin hit a record high above $57,000 and ended the week about $10K below that. The latest on the markets, the economy and Bitcoin discussed with Dr. Mohamed El-Erian, President, Queens' College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach https://www.mohamedel-erian.com/  and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and www.Beanstox.com  The latest on mortgage rates discussed with Jeff Lazerson, President, www.mortgagegrader.com  and O.C. Register columnist. The new Johnson and Johnson Covid vaccine will be available next week in California if all goes as planned. The latest on the vaccine rollout and outlook on the economic recovery discussed with Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. https://milkeninstitute.org/centers/fastercures

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