This combination of weak bonds, pressure on growth stocks, and a frothy IPO is causing the corrective action to gain traction.
Let's simplify as much as possible what is occurring in the bond market, and what it means for investors.
There is a lot that will be determined at this pivotal meeting. Here's my base case.
How far behind the large-cap indexes the S&P 400 and S&P 600 really are is astounding.
Experts advise keeping a cool head despite issues in energy, inflation, and international relations.
How will the central bank deal with decelerating, but still high inflation, especially if it coincides with decelerating, but still solid economic growth?
Yields will likely be higher over the next year, but for now, we can add back some duration to our portfolio by buying long-dated Treasuries or corporate bonds. Here's my advice.
Let's check out the Fed's two big goals for action -- higher inflation and maximum employment -- to see what we can realistically expect.
The consumer price index surprises to the upside and the Fed meeting minutes are out. Here's my take on both.
The question now is whether the lows that were hit on Wednesday morning will serve as short-term support as we move into earnings season.