I find interest rate speculation to be the most frustrating part of the market. Mostly because it often prevents good buying opportunities from happening.
It’s a bad time to be a bull, and a bad time to be a bear. No wonder Bond Markets are active again.
Basically, as long as the stock market is high enough, they won’t cut rates. So there’s an odd cause-effect relationship right now.
I really hope they don’t cut any more in the short run. More liquitity would be like treating a hangover with shots of tequila… might make you feel better in the short run, but bad in the long run.
