Lookin' Good Man

I am in the islands for vacation and just checkin' in from time to time, but from what I can see, everting is lookin' good man!  The stock market soared - and I mean soared today - based undoubtedly on a subdued speech by the Don last night.  Dow now over 21K - OMG!  And it is all comin' up roses.

Indeed, rates of a Fed hike later this month just reached 80%, which must be tied to a rebounding economy, right?  Now I suspect part of this is Janet and others on the Fed not liking the Don and part of it is simply them making up for lost time to get to where they need some wiggle room when the inevitable happens. But either way, rates are likely going up, which means all that wonderful debt out there -see my last post - is becoming more expensive to maintain.

And then there is that whole GDP forecast thingy.  The GDPNow site from our friends at the Atlanta Fed was a mere month ago at a 3.4% forecast and today has notched down just a tad to 1.8%.   Seriously, falling like a rock. But hey, all is well, so go back to the beach and enjoy the waves man.  I know I intend to do so as there is not a thing I can do about it.