There are times when confusion is so deep that it’s a relief. Relax. Freedom from the struggle to understand. Just watch the show. U.S. stocks are up now for four straight weeks. Oil is pushing $40, stocks tracking in perfect correlation.
- The U.S. 10-year T-note now just a hair under 2.00 percent, mortgages to 4.00 percent. A little more than half of the January-February rate drop has now un-dropped.
- Different central banks have different tools still available. Europe can stumble for a long time, but Japan is nearing an end.
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