Snow in Los Angeles, Everything Everywhere All at Once wins Best Motion Picture and new discovery of a rapidly growing supermassive black hole.

Technical bits: Pending Home Sales measuring signed contracts on existing homes, rose 8.1% in January. Stronger than expected. Even though sales are down Y/Y it’s not as bad as the previous report.

The reaction of buyers when rates move down is clear. March 10th the February jobs report will be released as well as the CPI report March 14th which may be Bond friendly.

Make it a great week.