The Fed is not finished yet in raising interest rates. Investors are still cautious on inflation and that may trigger a sell-off in Treasuries.

The Fed will keep raising rates as an insurance policy to prevent unwanted inflation. We haven't seen a tightening of financial conditions.

We've seen purchases of bonds receding. Investors cannot be bullish on Treasuries until the Fed stops raising rates.

The conundrum is the Fed, and why the it keeps raising rates.

I think he's basically greasing the skids for the Fed to keep raising rates, and that may not be something the stock market has realized yet, ... and that's why you're not seeing much reaction.

There'll be a lot of turmoil; and we're not finished yet.