Daily Note | March 15, 2024 | Rate Cuts Are Slowly Being Expunged

Markets are looking like they will close out the week lower as the narrative remains 'higher-for-longer', 'inflation isn't going away', and now valuations concerns. We also had consumer sentiment miss in March adding a little fuel to the weakness case.

Interest rates are moving higher with the 10-yr hitting 4.32%

We're back to bad news is bad news for sto…