A year ago, we expected the Fed to finally deliver multiple rate hikes in 2017. It did, and we expect that pattern will continue in 2018, with the Fed signaling three rate hikes and delivering at least that number, maybe four. Longer term interest rates are heading up as well. Look for the 10-year Treasury yield to finish 2018 at 3.00%. Click here for more details...
Models of the economy are pretty useful tools. And simple models are some of the most useful. They help people envision how the world works. They help organize thinking. Click here for more details...
As short-term interest rates head higher, we expect long-term interest rates to head up as well. So, get ready, because the bears will seize on this rising rate environment as one more reason for the bull market in stocks to end...click here to read more details