Like I Said: Can’t Fight the Fed Anymore

I have been on this train for a while … you can’t fight the Fed. Why is the market down so much today? Just look at bonds. Everything is getting killed. Why? Here’s the Fed Funds Forecast for the market.

If Fed Funds is going to hit 4% next year, that puts mortgage rates well over 6% for example. Good luck housing.

Until this stops going up, pretty much any asset class is toast.