The new rate is 3.35% up from the 3.3%. We are very lucky indeed but for how long? The world seems to want negative rates everywhere so how long we can get anything is in question. The Fed has lost control and we are at the mercy of the world. I get so tired of hearing that stupid #$%$ tell us how the Fed is data dependent. What is the FED going to do? Lower interest rates or give us some more QE? Things do not look good but they could be worse. That HON deal was a real scare to me. I am a fix income guy and HON has nothing. Being put in their plan would be a disaster. Looks like a bad day ahead for the stock market.
I believe UTX will beat big time. Didn't Hayes say the weak dollar and weak China were bad. Well the dollar is stronger and China has stopped going down. That should be good for UTX. Hayes has something to prove because of the HON thing. He will do everything he can to show good numbers. Most important is the Fed is talking tomorrow. These stocks are not trading on earnings but on what the central bankers are doing. Yellen will continue to say what the market wants to hear. No interest rate increase for as far as the eyes can see. The market will like that and stocks will go up including UTX.