FBC Varney July 3, 2024
Second quarter, and its the second day of selling. Heres the problem, interest rah rates are rising, and rate cuts from the fed are retreating. Strong economic news, that is pushing rates up. Look at this. The yield on the 10year treasury way, way above 4. 25 , youre now looking at 4. 39. Dont look for any decline in Mortgage Rates anytime soon is. The 2year treasury, thats way, way above 4. 5 . Thats now at 4. If 73. 4. 73. Stocks down all across the board. The dows looking at a loss of, what, 300 point, and the nasdaqs down about160 at this point. Thats premarket. Dont know how theyre a goin...