Interest rate update:
The recent trend towards lower rates has come to somewhat of a halt.
There’s a couple of factors that has spurred selling pressure in the bond markets. (Remember when bonds are selling off it usually results in higher rates)
The French election has alot to do with it. If Macron had been shut out of the run-off election, we’d still be rallying. If Le Pen had won outright, we’d be rallying even more sharply.
Because neither of those things happened, investors got the proverbial green light to get back into a “risk-on” trade.
The other thing is Trump is supposed to announce his tax plan today.
I’ll continue to watch the market for you, and let ya know what happens.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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