Week Ending 3/5/2021

Some highlights from the week:

  • 370,000 new jobs added in February, a strong report.
  • GDPNow is projecting Q1 growth of 8.3%.
  • The yield on the 10-year continues to rise, closing at 1.551%, down from 1.626%.
  • Inflation expectations are rising, now at 2.22% based on the 10-year breakeven.
  • Nasdaq is down 8.3% in three weeks and was down more than 10% on Friday morning.