2min chapter

The Compound and Friends cover image

Somebody's gonna be wrong

The Compound and Friends

CHAPTER

The Market Reacted Positively to the Fed's Rate Hikes

The PPI came in, it fell by half a percent. And I think it was expected to come in, what does that say? 0.1%. So this is a big downside surprise. Probably the first one we've had. It could have been if it went the wrong way. The 10 years up at decent amount today. Yeah, well, but I think it's because rate hike odds didn't come down, right? And yields have come down so much already this year. But it's a good thing.

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