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Markets Prepare For a New Normal on Rates, and a Big Bullish Call on Bank Stocks 01/04/23

CNBC's "Fast Money"

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The Fed Don't Like the Markets Easing Financial Conditions

Rick Santelli joins us live from Chicago and the CME Rick what did you make of the action today. I just find it very interesting that as you look at a chart of 10 year note yields we're gonna closeWe did close at the lowest yield since December 23rd now granted that wasn't all that long ago but as you can see that we peaked right around the four and a quarter area in November. The Fed doesn't like the markets easing financial conditions so investors also understand that the Fed most likely is going to take its job too seriously go too far and stay too high for too long which is why financial conditions are easing. It's a matter of a failure to communicate what about

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