Growth and Rising Rates..
Those are the two things in your windshield this week. Just following through on last Friday’s comments. This will initially create a headwind for stocks. Just be patient, we have time to see the S&P push through the 4300 area. It may be a good week to plant your early garden, lettuce, spinach, etc.
Here is an update of the chart we presented last week with the forecast trajectory of average market rates. Again, we anticipate rates to peak in early June. But rates don’t really matter at this point, the important point is to watch for the economy to grow through the recession talk.