The Fed raised rates for the first time since 2023, the ten-year closed above five percent, the Bank of Japan hiked two days later — and the S&P finished the week a third of a percent lower with every line this letter carries retaken. That is the constructive reading, and it is the house’s: a market that sells the physical layer on a letter on Monday, m…
The Hike Came and the Bull Held — Sold on the Sort, Bought on the Decision
The Fed raised rates for the first time since 2023, the ten-year closed above five percent, the Bank of Japan hiked two days later
