Oh yeah, I'm sure the Austrian-lites are correct and that any day the Fed is going to reverse its December rate hike and move toward negative rates. Not.
The DJIA rose 1.1% to its highest closing level since Nov. 6. The S&P 500's 1% gain pushed it to its highest closing level since Dec. 4. The two indexes are now 2.2% and 2.3%, respectively, from their all-time highs.
There are not going to be any rate cuts anytime soon.We are in the boom phase of the Fed-created boom-bust cycle. More than likely, the indexes will break to new all-time record highs.
With interest rates climbing, not falling.