⚠️10YR yield high of day 4.274%
New 20 year high pic.twitter.com/H0k7d5a0QG
— Don Johnson (@DonMiami3) August 16, 2023
The $tip etf is at the October lows. $qqq seems terribly mispriced, and that gap needs to close. pic.twitter.com/egSgaaxTsS
— Michael J. Kramer (@MichaelMOTTCM) August 16, 2023
Wen financial Armageddon pic.twitter.com/iSYwaXCF0U
— Don Johnson (@DonMiami3) August 16, 2023
This week, mortgage rates in the US hit their highest since 2001.
We are well above the 2008 highs and rising.
After the Fed minutes were released today, rate expectations increased.
Bumpy road for homebuyers.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) August 16, 2023
JUST IN: Odds of an additional rate hike this year rise to 39%, a 4-week high, after Fed minutes.
In the minutes, officials felt the "potential need for higher rates" still exists.
There's now a 3.6% chance of two more 25 bps rate hikes.
Never ending search for a "Fed pivot." pic.twitter.com/wFJvIAXDoA
— The Kobeissi Letter (@KobeissiLetter) August 16, 2023
Market looking super weak, every bounce getting sold.
New regime? "Echoes of past missteps whisper amidst the tickers. Be wary of the oncoming financial frost."
— Don Johnson (@DonMiami3) August 16, 2023