Ep. 291 Launch Financial- Bond Yields Continue to Rise to Close out Q3

Good morning and welcome to another episode of Launch Financial.

I guess this is our end of quarter Q3.

Crazy, crazy, crazy.

The year is flying by.

We had a mixed market this morning.

Treasury yields and oil prices continue.

uh to kind of lead the market here we talked about this on the snap so if you're not subscribing hit us up info at sherman wealth 10-year treasury yields hitting as high as 5.266 today uh breaking kind of uh previous 20-year-old record from 07.

We talked about that last week at 5.2%, so now even higher.

That has a significant impact, of course, on the economy, pricing of debt for corporations.

The housing market, of course, feels frozen, at least from what we're seeing from at least the stock market action of Home Depot and Lowe's and some of their earnings calls.

So that's very interesting.

And then we seem to have this tech trade still going.

on somewhat fire after the meta news, which we talked a lot about in the snaps as well.

So we have two, really three, I guess, if we're adding in oil, but three major themes here as we head into the quarter.

We also saw the market reaction to digesting another rate hike in October.

So another rate hike is on the table.

And for those of you that may have missed it, the Fed hiked rates two Wednesdays ago.

And so good news for savers.

You should be getting, although I saw Capital One just did a lame 0.1%.

They did not pass that on to the consumer.

So maybe reassessment of where your savings is is a good way to end Q3 as well.

So I'll stop there.

A lot of rate-driven conversation and then inflation potentially rearing its head with the price of oil and other things impacting that, such as plane reservations, which we were just talking about before hopping on.

So Ash, hop in here.

What are you seeing as all of those bigger themes unpacking those?