CNBC Mad July 4, 2024
Actually, yes. Yes if youre a Portfolio Manager who abandoned stocks when Interest Rates go up, which is what happened pretty viciously in the debt downgrade. The treasury cant be worth as much as before so stocks therefore cant be worth as much either as hundreds of billions of dollars change hands on the direction of bond yields when the yields go up, rates go higher people automatically selloff. Sell, sell, sell it didnt help a recession if the economy slows. Very hard to see a recession if the economy doesnt slow the stocks that hurt the worst are the highflyers. I want you to take cramer ...