Playing With Fire

Does the Fed really know what they’re doing, or have they simply come to the conclusion that there’s no other choice but to let interest rates continue to soar?Futures liked David Tepper’s assessment that higher rates are a good thing, as they will convince foreign buyers such as the BoJ to load up on US Treasuries.  Maybe. All I know is that past accelerations in the 2s10s have never been positive for stocks.

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