Stocks Suddenly Slammed As Yields Hit 1-Mo Highs, Early Rate-Hike Odds Jump

Too much of a good thing…

STIRs are continuing their hawkish trend, with the market now pricing a 19% chance of a rate-hike as soon as March 2022…

US Treasury yields are on the rise again this morning, with 30Y yields breaking out to one-month highs…

and it appears that surge in yields is sparking some anxiety in equity markets (led by value-heavy Small Caps)…

Gold is higher this morning amid inflation-haven flows…

But bitcoin is down (though it has found support at $60k again…

What will Lael do?