You can make money as a bill. You can make money as a bear. But you get slaughtered as a pig. I see a lot of slaughtering on Wall Street as equities take a beating with the interest rates heading up. I agree several raises of 100 basis points are required. But that will shock things so much that I think the fed will trial a 75 basis point rise.
The dilemma is binds still seemed that appealing. Things just are a little wonky. Not following the rules exactly. The question is why?
The fed just needs quarter or half point increases every few months.
They will add up soon enough.
Psychology changes take time—no need to rush them.