The Fed knows they have a big pumping bubble they have to deal with before it explodes the markets.
Sentiment: Strong Sell
Banks and real estate are done if interest rates go up!
everyone that refinanced to sweet 3-4% mortages will NOT be moving if the new one is higher, whole system locks up again
banks sitting on 3% 30 year mortgages but now the 0% money is gone and they are upside down= banks fail.
It was going to happen anyways as Treasury interest rates were going up taking away the punch bowl-The FR just wants to front-run it to make you think they were the deciding factor-Not.
Rates are going nowhere....the treasury can't afford it.....what would the deficit be with real interest rates? You're talking trillions more per year.
If interest rates are going up, then its time to buy the financials. When the financial sector does good, SPY will only go higher.
Sentiment: Strong Buy