MBS RECAP: Assigning Blame For Today’s Market Moves


Posted To: MBS Commentary

I saw an article from someone who typically does solid work claiming that the massive sell-off in stocks today was due to rising rates. Fortunately, the article also quoted pundits saying the notion was essentially preposterous until and unless rates move a whole lot higher than they did today (because those pundits are correct). Even then, attempts to blame rates for any move of the size seen in stocks today can usually be traced back to a lack of overt causes. I'll be the first to admit that happens to anyone attempting to explain market movement from time to time. I have dialogues with other folks who write on markets and it's common for us to say "hey, what about xyz?" if we read each other's commentary and for xyz to turn out to be an enlightening addition to the…(read more)

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