Freaky Friday
Source: SeekingAlpha
2025-01-12 22:50:00 ET
Summary
- Why freaky? We continue to plow the same ground and saw the same sawdust we have for the past 13 years.
- The media provides zero perspective as the "good news is bad news" narrative continues to rule.
- Money continues to pour into bulletproof tech as a safe haven from an illusive, rate-driven, yet-to-be-seen recession - not an optimal strategy.
- The 4.763% yield on the 10-year note is normal in our current inflation environment... not a harbinger of bad things to come.
Why Freaky!
I'll tell you why. I started publishing Kort Sessions in January 2013. "Interest rate going higher" obsession has been a target of many of my posts - the continual sawing of sawdust. It is freaky. We just cannot seem to get past it despite a ton of evidence that we should. I am attaching an excerpt from a post published March 18, 2013, " FBFH - Fed Bolt From Hell - The Next Big Thing! "...
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Freaky Friday
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