Voyage to a Different Reality

The bond market thinks the Fed has tightened too much. The Fed keeps telling anyone who will listen that rates are headed over 5% this year and will stay there for a while. Who’s right?

Jan 20, 2023

∙ Paid

Friday, January 20th, 2023

Laramie, Wyoming

What else is it going to take for Wall Street to realize that the path of least resistance in 2023–the new Primary Trend–is for higher interest rates and low…

Bonner Private Research

Voyage to a Different Reality

The bond market thinks the Fed has tightened too much. The Fed keeps telling anyone who will listen that rates are headed over 5% this year and will stay there for a while. Who’s right?

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