Friday, April 22, 2022

"Markets Monkeyhammered As Rate-Hike Expectations Soar"

There's the reason for all the inflation and rates and balance sheet posts the last few months.

This is serious and it is unlike anything we've seen in the 2009 - 2022 bull market.

From ZeroHedge:

"Hard landing" risks are on the rise and equity markets are starting to catch down to the reality of outlier Fed tightening that is priced into short-term interest-rates (STIRs).

All the US Majors are down around 2% on the day - a one-way street lower since the cash open...

....MUCH MORE (chart mania)