I think we need to give credit that rates have already been raised from 0 to a quarter to 3 and 3 and a quarter. 2 Yr at 4 and a quarter. Percentagewise - a pretty significant perturbation.
Some would argue that going from here to 6 or 7 is easier.
Now time needs to pass for the effects to occur and the system to adjust. People seem to underestimate the value associated with letting time pass. For the Fed, I'd bet it is a big parameter.
The 'system' should have imploded years ago and keeping it together is no easy task.
My guess we trade sideways on the 10 Yr Note between 3.25 and 4.25 over the next several months.
That will give equities a chance to regain its legs - weaken the dollar - strengthen commodities in general - over the next several months. Then, based on the data, the next move will be planned.
Bozos team seem to be doing a great job moderating inflation by destroying the economy . Whose side are they on - by the way?
Crazy times for sure ... let us pray that sound minds prevail.
Very much appreciate your show. Thank you.
I think we need to give credit that rates have already been raised from 0 to a quarter to 3 and 3 and a quarter. 2 Yr at 4 and a quarter. Percentagewise - a pretty significant perturbation.
Some would argue that going from here to 6 or 7 is easier.
Now time needs to pass for the effects to occur and the system to adjust. People seem to underestimate the value associated with letting time pass. For the Fed, I'd bet it is a big parameter.
The 'system' should have imploded years ago and keeping it together is no easy task.
My guess we trade sideways on the 10 Yr Note between 3.25 and 4.25 over the next several months.
That will give equities a chance to regain its legs - weaken the dollar - strengthen commodities in general - over the next several months. Then, based on the data, the next move will be planned.
Bozos team seem to be doing a great job moderating inflation by destroying the economy . Whose side are they on - by the way?
Crazy times for sure ... let us pray that sound minds prevail.
Thanks Chuck for your updates.