Commentary Inflation is running hot and not showing any signs of easing up. So it’s the Federal Reserve to the rescue. But as usual, they’re late to the party. (I’m actually expecting four rate hikes this year rather than the two to three the Fed has been suggesting.) A big question on investors’ minds is how high will they push rates, and at what point might that rate hike start to impact stocks overall? I’ll go out on a limb and say that if the Fed can boost rates to about 50 basis points above the 10-year Treasury Note yield (which also keeps inching higher in response to their QE taper), you might start to see some cracks in the armor of the current bull market. With the 10-year hovering around 1.75 percent these days, that would imply a Fed rate hike to 2.25 percent to set off a selling …
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