Bigger-Picture Concerns Back to Forefront; Rates Shoot Significantly Higher
Heading into last week's Fed announcement and economic data, the analysis was starting to get a bit gloomy. It wasn't the first time I talked about the size and scope of 2019's rally increasingly suggesting its demise, but like the rate spike in mid September, it was one of the more serious occasions. Now, 3 short days after yields seemed to be stampeding back toward all-time lows, here we are again at the same troublesome levels that prompted the doom and gloom 2 weeks ago. I could say something to the effect of "things are more serious this time," and I could make a pretty compelling case for that. It would likely draw on the trade deal progress and the resilience in a few key pieces of recent economic data. But instead, I'll say, things are AS SERIOUS now as they were last Monday. Where
Sorry, the comment form is closed at this time.