Late ’90s Parallels: How Many Fed Hikes Before The Market Tops?
SUBSCRIBE to our newsletter: http://riskreversal.substack.com/ Guy Adami and Dan Nathan are joined by SoFi's Liz Thomas, back on Market Call for the first time since April, for a deep dive into a bond market that's doing a lot of the Fed's work for it. The 10-year is pushing toward 5%, and Liz lays out her case for buying it here — plus why she thinks a rate hike next week (or even before the midterms) is unlikely. She also walks through a chart comparing today's setup to the late-1990s hiking cycle, and why the market historically doesn't roll over until several hikes in. They cover…
The skinny
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