Latest / Solving America's Problems
29,000 Jobs, 7.28% Mortgages, and a Stock Market That Won't Quit
The economy added 29,000 jobs against 90,000 expected, and the Nasdaq is still at all-time highs. Jerremy Alexander Newsome says the 10-year Treasury rose a fifth straight week to 5.277%, pushing the 30-year mortgage to 7.28%, the highest since 2023, and he thinks double-digit mortgage rates could land before the next president's term. Dave Conley calls it demand destruction: the Fed squeezes everyone while Congress, which holds the power of the purse, sits it out, and higher rates do nothing about diesel or $6.50 gas in Las Vegas. Jerremy walks the charts on NVIDIA at record highs, Meta up…
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