First rate hike in three years. Looks like the stock market has been baking that increase into pricing for the last few days. If by some chance the Fed holds rates pat we should see a nice stock market bounce back.
The 10 year treasury yield is approaching levels not seen since……wait for it……2007. before the crash. I’m not predicting a crash and high rates are good for my loan portfolio but some red flags are up. I think the stock market has room to run because of the corporate tax cuts, that should keep profits rolling strong. Oil continues to spike and there is no end in sight for the war with Iran. The Fed can’t hold rates with oil spiking the way it is. No way.
I’m sure the White House will support the new Fed, which is like the old Fed. lmao.
Mortgage rates are jumping up, Real Estate is screwed. Fasten them seat belts.
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