Thursday, February 08, 2018

The banks are always the arsonists in this game.

The banks always front-run the Fed. 4.25% has been the magic line in the sand for a decade. We are now 4.35-ish. As a matter of a fact - usually by the time the Fed gets in there and raises, the banks have already torched the market. And the increase by the Fed actually starts making rates go down.

This pattern has played out over and over and over and over and over.........

We will see if this holds.

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