🏦Why Your New Neighbor May Be a Big Bank

Good morning. Mortgage rates are on the rise again, hitting 6.65 percent last week. While still... It’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning. Mortgage rates are on the rise again, hitting 6.65 percent last week. While still below last year’s highs, it appears that rates will continue trending higher before going lower. Overall, mortgage rates have more than doubled off of their lows just over a year ago – which in turn has substantially increased the cost to borrow a home. With home affordability rising, institutional investors are stepping in. Many institutional buyers are able to float a bond or otherwise borrow money at lower rates than mortgage costs, and they can do it at scale. That’s partly why asset managers have added single-family homes to their portfolios over the years. This trend will likely continue as rates rise. While homeowners who refinanced when rates were low are still well off, it may be prudent to invest in asset managers who are able to take advantage of lower costs. Now here's the rest of the news: Sponsored Content [The First Thing Every Trader Should Do in March]( There are no signs that waves of volatility will slow down. So, if you're going to invest countless hours and thousands of dollars trading the markets, you'll need it to pay off more than ever right now. That's why we're here - to stop you from making expensive and time-consuming mistakes. Join our Pro Trader to learn the ropes of predictive analysis strategy in our [Free Live A.I. Market Training.]( MARKETS DOW 33,390.97 +1.17% S&P 4,045.64 +1.61% NASDAQ 11,689.01 +1.97% *As of market close • Markets closed higher on Friday, as 10-year Treasury yields dipped back under 4 percent. • Oil rose 2 percent, last going for $79.75 per barrel. • Gold rallied 1.1 percent, ending at $1,861per ounce. • Cryptocurrencies generally declined, with bitcoin at $22,332 at the stock market close. Today’s TOP TIPS [Companies Growing Service Revenues Now Will Reward Investors Later]( The economy continues to send mixed signals. By most conventional measures, things have slowed considerably. That’s seen in everything from housing to the job market. But things were also running red hot before, so the full picture still looks strong. At the corporate level, companies are largely cutting back. But in some areas, they’re continuing to invest now. One space where that’s happening is in IT spending. That’s a boon for companies that cater to that need. » [FULL STORY]( [Insider Trading Report: Keurig Dr Pepper (KDP)]( Shekhar Priyadarshi, CFO at Keurig Dr Pepper (KDP), recently added 20,000 shares. The buy increased the CFO’s position by 200 percent, and came to a total cost just over $711,000. The CFO was the last insider to buy, with a 10,000 share pickup in January valued at $35,000. The company’s Chief Supply Chain Officer was a sizeable buyer last year. Other company insiders, including major holder Mondelez International, have been sellers of shares in recent months. » [FULL STORY]( [Unusual Options Activity: Desktop Metals (DM)]( 3D printing company Desktop Metals (DM) have fallen on hard times in the past year, with shares losing over 60 percent of their value. One trader sees a further decline for shares in the months ahead. That’s based on the August $2.50 puts. With 165 days until expiration, 14,163 contracts traded compared to a prior open interest of 305, for a 46-fold rise in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. » [FULL STORY]( IN OTHER NEWS • [Wages on Track to Rise]( Wages for U.S. workers have been on the rise since the pandemic, when companies increased wages to seek out workers. That trend looks likely to continue, which could be a sign that inflation will continue to be higher for longer as workers earn more. • [Mortgage Rates Rise for Fourth Consecutive Week]( 30-year fixed rate mortgages hit a 6.65 percent rate this week, a slight increase from 6.5 percent in the prior week. That’s the fourth week in a row where rates have increased. One year ago, 30-year rates were at 3.76 percent on average, and are still down from November’s high of 7.08 percent. • [ATMs Decline as Cash Reliance Drops]( The number of automatic teller machines (ATMs) have declined to 451,500 at the end of 2022, down from over 470,000 in 20230. The decline comes as consumers have accelerated digital or credit card payments, or have reduced their use of cash, in part due to the pandemic. The trend looks likely to continue. • [Cryptocurrencies Slide on Banking Concerns]( Cryptocurrencies dropped late last week, amid concerns over crypto bank Silvergate Capital (SI). Several crypto companies have stopped accepting or initiating payments through the bank, including many large players. The company also reported that it needed more time to file its annual report. • [Twitter Blue Expands Global Footprint]( Twitter Blue, the monthly payment plan, has expanded to 20 more countries, largely in Europe. The service is now available in 35 countries. The service, which costs $8 per month, comes with a blue check mark, and other features, such as the ability to post 60-minute long videos. S&P 500 MOVERS TOP COO 7.372% ALGN 6.727% ILMN 6.347% AVGO 6.143% FSLR 6.084% BOTTOM HRL 2.809% COST 2.051% HPE 1.484% LUMN 1.393% UNP 1.088% Quote of the Day I am still very much of a mindset that slow and steady is going to be the appropriate course of action. Right now I’m still in very firmly in the quarter point move pacing. - Raphael Bostic, Atlanta Federal Reserve President, on the need for the central bank to stick with quarter-point interest rate hikes, even with inflation data starting to tick up in recent weeks. Sponsored Content [3 A.I.-Predicted Stocks to Add to Your Portfolio]( We have the world’s leading artificial intelligence forecasting trends in the market. A technology so precise it achieves a proven accuracy rate up to 87.4%. Check out the next 3 stocks this A.I. has on its radar for you in this free, live training. Claim your seat now by [clicking here.]( Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. It’s our passion to build a strong community centered around fun and mindset! We love to discover extraordinary and useful tools and share them with the world! 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