Monday, June 7, 2021

Yellen Says Higher Interest Rates are ‘Good’— But for Who?

The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation?

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June 07, 2021

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Yellen Says Higher Interest Rates are 'Good'— But for Who?

Current Treasury Secretary and former Federal Reserve Chair Janet Yellen was at the G-7 Summit over the weekend telling stories to just about anyone who would listen.


"If we ended up with a slightly higher interest rate environment, it would actually be a plus for society's point of view and the Fed's point of view," The Greatest Dove of All™ told reporters.


Now, if you're asking yourself why she would make such a statement, you're not alone…


But the answer is pretty simple.

Take a Look

No Taper For You! Jobs Data Was Better — But Still Not Strong Enough

June 4, 2021

Let's face it. These numbers are disappointing. But not the end of the world. So keep that in mind when you think about the impact of the May jobs report…


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