Revisiting My Recent Market Forecasts
Let's go through an update of some of my recent forecasts and how my views have changed
As you know, I have been complaining every week about the bond market’s terrible reaction to the Fed’s outsized rate cut in September. Since my write-up last week, bonds have continued to get hammered. The high in the 10-year treasury yields reached 4.33%, more than 20% higher than their yield on September 17, when the Fed over-reacted to a softening labor market and some modestly moderating inflation data.
