Upper Growth based Interest Rate Target Approaching…

Our Upper Growth based market interest rate target is approaching. The average rate target that we often cite, the (30Y+10Y+5Y+2Y) is 4.354, today a little shy at 4.298. Watching tomorrow’s inflation numbers at this point.

If this does proof to be the top in first quarter rate levels, we may be looking at the factor that fuels the next leg up on stocks, especially the small caps.