Remember when analysts expected the feds to hike 0.25bps at most 3 time this year. Later the narrative changed to "the feds can't hike past 3%, they are going to wreck the government"
But here we, ready for the 4th consecutive 0.75bps, and FFR towards 4% — and nothing has broken yet.
Moral of the story; never say never.
Back in January, if you told anyone how this hiking cycle would play out, they'd expect the S&P to be below $3,000. But here we are hanging around $3,500. Equities showing relative strength. This is impressive.
Remember when analysts expected the feds to hike 0.25bps at most 3 time this year. Later the narrative changed to "the feds can't hike past 3%, they are going to wreck the government"
But here we, ready for the 4th consecutive 0.75bps, and FFR towards 4% — and nothing has broken yet.
Moral of the story; never say never.
Back in January, if you told anyone how this hiking cycle would play out, they'd expect the S&P to be below $3,000. But here we are hanging around $3,500. Equities showing relative strength. This is impressive.