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Crazy market week because with each rate hike a reason (or two) for coming pivots. Data confirms.

Eurodollar University

00:00

We've Got to Cut, Right?

Jeff Yang: The Fed has seen this, and I know the members of the FOMC board, because they're getting heat from their very respective districts. He says it's not just because Elon Musk buys Twitter and lays off half the people. Yang: If revenues continue to develop, if profits and margins continue to develop in the direction that they are, we're going to have to cut workers.Yang: And before we blink, we'll find out real fast what all of these rate hikes really will do.

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