Tomorrow The Fed Hikes 75bps: What Happens Next Has Wall Street Hopelessly Split
The Federal Reserve should just go ahead and raise short term rates a full percentage point, let everyone know that they are serious, and what the future of interest rates will be for some time.
I do not know .75 or 1.00%, I do not know.
What I think will happen…the equity markets will continue their mild rally. Not really care about the rate hike. Those buying now into this rally are possibly going to get their arsses handed to them.