Wednesday, January 5, 2022

post FOMC minutes ...

 NASDAQ down 4%;  SPX down 2% from recent high

funny how change in rates may cause havoc in those spreadsheets,  which had low rates embedded in them

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30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!