The S&P 500 is still levitating, and if you’re like me, you’re starting to feel like this bull run is on borrowed time.
It’s understandable. The economy is just now stumbling to its feet, yet interest rates are already creeping higher. I think you’ll agree that we need higher borrowing costs like we need a hole in the head!
Treasury Rates Bust Through the 1% Barrier
Sure, 1.2% is a historically low number, but bear in mind 1% is an important psychological barrier, and we’re already well beyond that—and once rates broke through it, you can see how quickly they took off.… Read more