Good news was all the stuff I wanted to buy Friday afternoon I was able to buy at much better prices yesterday. Bad news is I was able to buy at much lower prices yesterday. I had a sense that whichever way the market opened Monday it might reverse. Was hoping for red to green, we got green to red. I do not think the culprit is the possibility of war in the Middle East as it seems that Iran’s and Israel’s reactions where choreographed by Washington. The problem was hot retail sales with a strong revision to February as well. As much as I believe the Fed wants to lower rates, every data point we see points to inflation being sticky and the economy continuing to grow. You could, and might, argue that you don’t want to keep rates too high for too long as that could lead to a recession, but you could also argue for no rate cuts this year. Hard to imagine equities continue to rally when yields look like this…
Financial News vs. Noise
Financial News vs. Noise
Financial News vs. Noise
Good news was all the stuff I wanted to buy Friday afternoon I was able to buy at much better prices yesterday. Bad news is I was able to buy at much lower prices yesterday. I had a sense that whichever way the market opened Monday it might reverse. Was hoping for red to green, we got green to red. I do not think the culprit is the possibility of war in the Middle East as it seems that Iran’s and Israel’s reactions where choreographed by Washington. The problem was hot retail sales with a strong revision to February as well. As much as I believe the Fed wants to lower rates, every data point we see points to inflation being sticky and the economy continuing to grow. You could, and might, argue that you don’t want to keep rates too high for too long as that could lead to a recession, but you could also argue for no rate cuts this year. Hard to imagine equities continue to rally when yields look like this…