Don't Wait For Textbook "Lags" From Fed Tightening

We have already seen the impacts of the Fed's tightening campaign, so we need not wait for the textbook "lags," notes Jeffrey Cleveland. He discusses how stocks start week strong to cap winning month. He talks about how the market will respond to the latest Fed rate hike. He mentions that mortgage rate activity over the last year suggests shock to housing is behind us. He believes that 2% inflation is much better for the average consumer and investor than 4%. He then goes over the employment situation for July 2023. He also looks at how Fed activity has impacted the bond market. Tune in to find out more about the stock market today.