And the Nas was "mini-tanking". Now... today rates are making new 12-month highs... and now nobody is concerned. I guess "stimmy checks" fix everything.
We are living in a clown world now. And no, I'm not talking about destriero clown world, he's always been a clown and that's always been the case. This is a whole new clown world where nothing makes any sense other than market up because Congress is spending like a drunken sailor and the Fed is printing money faster than a motherfuking A-10 Warthog shoots those armor piercing shell things out its massive Gatling gun...
I think the markets may be coming around to the notion that higher rates are actually good for stocks in the long term. We're not talking about going from 10% to 15% either.