Eight Fed Hikes Later

Eight Fed Hikes Later

One year ago the 3-Month Treasury Yield was at 1.25%.  As this week comes to a close the Yield is sitting at 2.35%.  That’s an 88% rise in one year.  We call that a ‘headwind’. From the November 2011 lows(0.01%=ten year low)the 3-Month Yield is up...
Banks Hit A Wall

Banks Hit A Wall

At last month’s low the $BKX(KBW Bank Sector Index)had dropped 16% from the summer peak($112.00). $BKX reached oversold levels not seen since early 2016 last month. The rebound that followed, which began on Oct. 25, the $BKX has retraced 50% of the sell off from...