Going With the Flow

The Credit Strategist Blog

Aug 16, 2022

∙ Paid

The S&P 500 is back trading where it did last September when the Fed was still expanding its balance sheet at $120 billion a month, earnings were growing not slowing, the Fed Funds rate was zero compared to 2.25% today, and two-year Treasuries were trading at 0.3% versus over 3.0% now. Over the last year, nobody seems to have gotten any smarter.

Continue reading this post for free, courtesy of The Credit Strategist.

Or purchase a paid subscription.