Its beginning to look a lot like rate hikes, everywhere you go!

Look at the five and ten’s, yields rising once again as Fannie Mae and banks arrange more loans.

It’s beginning to look a lot like Fed Day! Traders on the floor. And they all pretty much agree that it will be higher rates that we will see, and we will see more.

Wages and growth and economic green shoots was the wish of Janet and Ben. Now it is Powell that will do the walk and the talk and raise the rates again, and Donald Trump wants to make America great again. It beginning to look like rates hike, stocks are off the chart. And the thing that is making them swing is that Tax cuts that will be as the economy jump starts.

This is Janet Yellen’s swan song and in a way, an interest rate increase for her is considered a victory. The dovish Fed Chair finished the job that Ben Bernanke started and despite a lot of criticism seemed to hold her own in a crazy political world. President Donald Trump was backed into a corner to replace after heavily criticizing her during the campaign but replaced her with William Powell that always voted Janet’s party line. Yet doves or hawks, Powell should have an easier time at the Fed because he does have prescient that gets how the economy works.

You can’t live on monetary policy and government regulation alone. You need a smart fiscal policy. You need to reward small business not penalize them. You need real tax reform. You need for the Government in many ways out of the way. That’s why Ben Bernanke and Janet Yellen deserve some credit! Because they had to do all the heavy lifting n the economy without any help from that last administration and the fiscal side. Good Luck Janet, I think you are leaving with the economy on solid footing.

Still, the real test will be in a few years after we see what type of asset bubbles may have been created by her dovish policies. Stocks are soaring but in a way, they are really catching up with the underperformance we had from one of the weakest recoveries from an economic downturn in history.