With the S&P 500 up 50 points in late morning trading, a 10:1 ratio would push the Dow up 500 points. The Dow is currently up about 256 points.
The ten-year Treasury is yielding 1.923%.
Fed rate hikes: not too long ago, "they" were talking about four
rate hikes this year. Then, last week, "they" started talking about
seven rate hikes this year. All of a sudden, "they" are talking about
far fewer, maybe three rate hikes, and now "they" are saying that
regardless of how many rate hikes there are this year, at the end of the
year, we might have a Fed rate that is still a "so what" rate.
WTI: $89.40.
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