Is the Fed Swinging Rates Really the Achilles Heel of the Stock Market?

There is no direct correlation between takingo short, trim interest rates a percentage point higher and bringing inflation some fraction of percentage point lower. The problem with to day's inflation is that it is stickier than we have seen in decades. We've already seen a even withouteven with a small one quarter point rate hight by the fed, we've seen mortgage rates, 30 year mortgage rates, climb from under three % up to over four%. That is what could turn a normal 25 to 30 % bear market into something much bigger. And if you look at the wage price index, this is probably the tightest labor market we've had in forty years. It was back in the sixties