The key is the stock market reaction.

Stock losses are giving bonds some juice this morning; we're back to feeling that the economy is weak and that bonds are a buy here.

The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire,

The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire.

It was 25 basis points, everyone knew that, and so there's virtually no stock market reaction,

The stock market never sleeps,even in a blinding market recession it continues to thrive for those who know how to see opportunities.