Closing Bell Overtime: Wall Street’s Big 2-Day Rally 10/4/22
Closing Bell
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Is December the End of the Fed Hike Cycle?
The 10-year note yield has dropped 40 basis points in a little more than a week. We think the Fed's last hike is going to be December 14, so we're two months away from this Fed hike cycle being over. So where Eric will be wrong is if we see a very dramatic earnings season that's overwhelmingly negative. If it's overwhelmingly negative and we have massive revisions, then Eric's wrong way to go back and revisit the lows.
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