Have you heard that stocks are going up in anticipation of lower interest rates?
Me too.
That’s hilarious isn’t it?
What about all those journalists?
Are they feeding you the same garbage?
Yup!
How about the Biden?
This guy is still the President of the United States. And he’s telling you that rates are going down.
Have any of these people even bothered to look?
Or are they just lying to you?
Neither is an acceptable answer.
The U.S. 10-year Yield just went out yesterday at the highest weekly close since November. [Read more…]