Why This Is ‘A More Painful Rate Shock’

Why This Is ‘A More Painful Rate Shock’

Listen, you people are concerned about 10Y yields, and that's fine. After all, we blew threw the February highs this week on the way to the "dreaded" 3% "pain threshold" and while there were no swarms of locusts and no Pazuzu sightings (that I'm aware of), there are still concerns that the higher we go, the closer we get to a situation characterized by "diversification desperation" or, more simply, a scenario where bonds and stocks selloff in tandem. On Friday, the GDP beat was accompanied by
Every story you need, no story you don't. It's that simple. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

One thought on “Why This Is ‘A More Painful Rate Shock’

  1. The main model for all this should be the change in consumption induced by concentration of wealth. Any model that says higher wages will reverse this is flat wrong. But …..Trump powered inflation might very well sink the ship as the FED chokes of the fragile existing growth.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints