Introduction

Tougher talk from the fed last week on the need to be more aggressive with future ratikes weighed on sediment as investors ran for cover. The market is now pricing in a greater than 60 % probability of a three point two five % fed funds rate by next june. If that happens, this would be the highest fed funds rate since jan of two thousand and eight. Those rising treasury yields and increasingly hawkish cries from the fed have triggered recession concerns, and we're starting to see them playd out inside the stock market.