The Fed's Signal on Homebuilders

Dan Borsuk: I find it unlikely that the Fed's going to come out and say, you know what? Forget about 2%, let's make it 2.5. But even if they did or if they signal that they would be comfortable with something that's meaningfully above 2%, I think it could be received as we don't know how to fix this anymore. We don't have the right tools. The system is broken. And that's not a good message for markets to receive,. In which case, I think yields would fall because recession fear would rise. So I'm not in the camp that I think yields are going to go that much higher from here. That doesn