FEX - Tuesday's Market Bloodbath: Is Still 'Much Ado About Nothing'

• Tuesday, September 28, 2021 showed us a very predictable market reaction to No New News, save greater conviction that inflation may not be that transient and rates will be going up.
• Market participants (including their computers) have been conditioned by the media to react in this way over decades, and there is no nuance with the media. Higher rates and inflation are always bad.
• The ETF-ization of the market only exacerbates these moves.
• A simple examination of the facts will be helpful in settling your nerves.
• Why a move to a 2% or 3% yield on the 10-year Treasury will not spell doom for the market.

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