Here are the comparisons pre-rate-hikes vs post-rate-hikes
Dollar Index Dec 2015, 98
Dollar Index today, 93.79
USDJPY Dec 2015, 121
USDJPY today, 110
EURUSD Dec 2015, 108
EURUSD today, 1.17
10-year Tsy future, Dec 2015, 127
10-year Tsy future today, 119
Gold Dec 2015, $1045
Gold today, $1300
Oil, Dec 2015, $30
Oil today, $66
CPI Dec 2015, 1.1% y-o-y
CPI today, 2.7% y-o-y
GDP Dec 2015, 1.3%
GDP today, 4.8% (Q2 est)
So you see, everything that the pundits and mainstream predicted was wrong.
They said rate hikes would lead to a higher dollar, lower inflation, lower gold, weaker GDP and maybe even a recession.
Instead...it was weaker dollar, higher inflation, higher gold, higher GDP.
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