Joel Elconin, Co-Host of the Benznga PreMarket Prep Show joins us to recap the selloff in almost every market/sector today. Bonds are up today but outside of those many markets are down over 1% and ended the month very weak.
The drop today is being blamed on Powell’s comments that inflation might not be transitory and the Fed could taper faster than the just announced plans. With so many unknowns going into next year and the Fed taking away the punch bowl it’s hard to have any easy bets moving into 2022.