Buffett on America, Apple & bonds | Santoli on the bond-market storm | House passes $1.9 trillion Covid bill
EDITOR'S NOTE
Markets head into March, one of the best for stocks, but bond market volatility could continue to be a challenge in the week ahead. The stock market was unnerved by a rapid move higher in the 10-year yield this past week.
The benchmark 10-year is widely watched and it influences the rates for mortgages and other loans. The move pressured technology shares and other growth stocks. Fed Chairman Jerome Powell speaks Thursday, and investors will be listening for any new comments on inflation or rising interest rates.
February's employment report is expected Friday morning, and it is expected to show 218,000 payrolls were added, up sharply from the 49,000 in January, according to Dow Jones. There is a batch of retail companies releasing earnings this week, including Costco, Target, Kohl's and Nordstrom.
(Note: See below for full coverage of Warren Buffett's annual letter released this morning)
THE WEEK AHEAD
MICHAEL SANTOLI'S MARKET COLUMN
ACTIVIST SPOTLIGHT
YOUR WEEKEND BRIEFING
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