These hints of interest rate increases seem to be an effort by the Masters of the Economy to let the air out of the market a little at a time to “cushion” what is seen as a necessary correction. They are urinating into the mouth of the Tempest.
WSJ headline from yesterday said rate increase was on target to happen. Guy on Coast to Coast last night said the market could absorb a 150 base point increase! Yeah, idiot woke me up from my slumber.