The Read on Rates, and No Pause, No Problem? 2/27/23

<p>Do rates actually matter to the stock matter anymore? One of our guests says “yes,” and that yields need to stop rising to trigger a new bull market.</p><p>But our own Michael Santoli says it doesn’t quite work like that. He’ll join us to explain why, and make his case.</p><p>Plus, why have markets and the economy held up so well in spite of these massive Fed hikes? David Zervos of Jefferies has a theory on that. Here’s a hint: it equals about 40% of GDP.</p>