LUMN - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks fell sharply on Friday as rising fears of a Russian invasion of Ukraine added to a spike in near-term inflation expectations and weakened consumer sentiment. U.S. National Security Advisor Jake Sullivan warned at a Friday afternoon White House briefing that a Russian invasion could take place during the Olympics, sending Treasury yields tumbling, oil prices surging and the S&P 500 falling back below its 200-day moving average. The benchmark 10-year yield, which broke above 2% on Thursday for the first time since 2019, fell back to about 1.93% on Friday. The week’s volatility in the bond market started after hotter than expected inflation data, which spooked investors and prompted St. Louis Fed President James Bullard to call for accelerating rate hikes. For the week, the Dow

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Wall Street Breakfast: What Moved Markets