No. of Recommendations: 8
FWIW, I just read an article that proposed that a lot of money moved from stocks to fixed income when you could get a solid risk-free 5%+ yield, thereby making stocks fall.
Yeah, except where have you seen stocks fall?
The market hit its recent bottom in Oct. '22 and has risen more than 50% since then. And the Fed raised its benchmark from 3.25% to 5.5% from Oct. '22 to Jul. '23. Immediately after the Fed finished raising its rate to 5.5% the market had a brief 10% correction, after which it resumed its upward climb. Since the moment interest rates reached 5.5%, the market is up 20%. You'd be hard pressed to find the claimed correlation.
Elan
