CNBC Mad Money August 29, 2016
So in a day when the dow gained 108 points, lets go through what the market is really saying. First translation, the same stocks that lead us higher for the last few years, no longer in charge. This time buyers are swarming over the banks. Thats right, the banks. Why . Because last week in jackson hole we learned we could be facing not just one rate hike but two this year. Not only did janet yellen tell us that a rate hike could be on the table, but vice chair Steven Fisher said there might be time for more than one rate hike in a short period of time. Now who benefits from rapid rate hikes . ...