Which part of Brick-and-Mortar is crumbling?
What will the Fed do?
Fed’s monetary policy shift is finally taking hold. It just took a while.
But something funny happened on the way to the headlines.
Market still blows off Fed, Treasury selloff, and volatility in stocks.
A very crowded trade goes begging for a contrarian reaction.
Chorus gets louder. But no one will be ready for those mortgage rates.
For proper effect, the directives were purposefully leaked to the media.
Treasury yields don’t matter – until they do. Mortgage rates jump.
How can the media be so gullible – and pliable? I don’t know either.