Mottek On Money

Stocks wrap up a volatile week with a rally after yet another roller coaster ride as long term government bond yields make unusually wide moves before pulling back. The Dow ended the week with a closing gain of nearly 600 points. The bond market has reportedly just had its third worst week since the year 1830. Oil prices spike to the highest in nearly 2 years, moving above $66 a barrel. Gas prices in L.A. have hit the highest in more than a year. Better than expected news on the job front as the economy adds 379K jobs last month and the nation's unemployment rate slips to 6.2. Meanwhile work continues in Washington on a $1.9T Covid relief package and vaccine rollouts continue. Analysis on the markets and the economy from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox, John Kilduff, oil analyst, Founding Partner of Again Capital, CNBC con