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Josh Brown on Tuesday's Halftime shrugged off whatever landmark move was supposedly being made by the 10-year Treasury bond, stating rising rates are great because bond investors can cash out into higher-yielding securities and that bond yields are no longer "dead money."
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Français Kev 1/14/2018 September 3, 2015 at 6:35 am Based on commentary this week, Jim, quite frankly, seems to think it's fine to make market-direction calls as long as they're up. Joe? Joe unfortunately has been getting tripped up practically weekly in the cross-currents of his own stark market-defining pronouncements; Thursday, it was "volatility remains the story of 2018" and we may be in a "temporary trading range for the year," and he said that in Wednesday's markets, "Technically, that was just a very impressive reversal," even though on Monday he warned of an "acceleration" of sell signals for those selling either to exit or get short (not sure there's any other motivation for selling than those 2) and that 2,532 was in "jeopardy."
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On Thursday, Joe didn't answer Judge's question as to how much earnings are baked into stocks but said it's almost as if the market wants rates to "stay in the range."
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