Never say never when it comes to the Fed raising interest rates
Rick joins us to chat about the overall sideways movement in the markets. Could this be a topping pattern or a consolidation that is waiting for a push higher?
We then move into the Fed meeting and potential interest rate increases. Rick even said he feels something might be coming later this year.
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I agree that the recovery is phony but the phony recover is probably real. We’re in for nominal growth but not inflation-adjusted growth. In other words, stagflation.
seven brides for seven rothers was another musical I did not mind watching as a kid!!
I’d rother have a ride than seven brothers – or brides.
-or something
Rick,
I think you’re right about the markets going up this summer. I don’t think we are going to see a big correction. Which most likely means it’s going to get ugly this fall. No correction now means crash later this year.
I can always count on a good chuckle every segment, Rick. Very cheeky!
Wish I was a rich man…, ….I think we are a CAT ON A HOT TIN ROOF……….. 🙂
Rick – very good thoughts on the Bond market, and I tend to agree.
I’ve been watching the bond markets as well and right now with so much sideways action in very dull markets and no real flight to safety, but a slightly increasing volatility, it is a bit baffling on which way the long term rates are going to head.
I pulled up a 6 month chart where TLT bounced off the bottom band of the BBs, and has headed up, but there is substantial resistance at 122-123 (50 day MA, 200 day MA, and top band of BB). It seems more likely to go back and test 115 again and do a W bottom back up to 121-122 once the moving averages fall a bit more.
http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=0&mn=6&dy=0&id=p64891467824
I think you are right, Shad. Nice chart and good call , I think.
TLT is ..so… Iffy..
Al.. I remember fiddler on the roof… (an enjoyable movie for me …even though as a kid I did not particularly care for musicals) that was a kind way of me saying that!! LOL