Quote (Bazi @ Nov 22 2022 12:26pm)
What does “stabilize” mean? Hikes have been continued to be priced into equity market, bonds reflect this. Terminal rate near 5.5-6 is expected. Fed will continue to increase until housing market cracks - not just longer times on the market but seriously reduced prices 10-20%
that doesn’t exclude the market from pain. Recession is almost guaranteed and PE ratios haven’t priced that in. Tesla Apple cracking are the last of mega cap then s&p follows.
Meaning stopped rising. Things can look priced into the bond market but not be into stocks. Stocks aren't efficient at all. They're influenced by a ton of stupid shit.
But yeah they're also trying to induce a recession to crack the labor market via interest rates.
Fuckers. I want my mortgage inflated away.