So we are now just more than 5 weeks after the one of the biggest political upsets in history and we can start to access how the worlds financial markets are reacting. While stocks are now enjoying one of the all time largest upside moves in a similar time period, rates in the US Bond Market are also exploding higher. What this means for the overall economy can be reasonably surmised
You will have the increasing confidence with the stock portfolios showing great gains for most of us. That confidence will be buffered however by the realization that carrying costs on everyone’s debt will no lurch upwards. For those of you with adjustable rate mortgages or with HELOC’s that float with the prime rate get ready to pay up in coming months.