CNBC Fast July 3, 2024
Below 5 . Josh brown, regional banks are week. If rates are rising, you would figure the pressure points will be there. A day after the fed chair, what are you feeling today . I think the big thing is rates and really talking about anything else is really an afterthought at this point this is what markets are keying off. I want to give you data. We looked at the spy and the barclays aggregate. Theyre currently correlated at 0. 4 which is extraordinarily high. Its been rising for the last rolling 90 days, and just to give you some sense of historically how high that is, if you think about the l...