They wont admit it, but you know there is a small camp out there that think Bernanke will come out again and say, “just kidding kids, it was all just a big miscommunication”. The Fed minutes will be studied with the precision of a neurosurgeon as those perma QE addicts will look for any bean of sunshine. At this second, the 10 year stands at 2.85 the 30 year at 3.86.
If your trading, then just trade. It’s probably a good idea to stay light on your toes at least until the Fed stuff gets out of the way. Personally I think the market is close to discounting the rise in rates and rally is coming. Patience will pay
The refiners look like shorts and I shorted $VLO this morning. Using a 36 area stop.