Looks like the tech stocks are mostly taking a break today from their never ending push higher. Interest rates have moved a bit higher—just 4 basis points. I suppose that most folks are focused on the personal consumption expenditures (PCE) on Thursday—everyone wants to recalculate when the Fed Funds rate will be cut (maybe it won’t be until summer–if at all).
Today I had 1 small 5.15% CD mature and I simply rolled it into a 5.35% 3 month issue. Lots and lots more maturing all through March. Maybe I will be motivated to buy a preferred or baby bond of some sort – I have no idea – we’ll see what rates do and how the economic data looks in the weeks ahead and we will start with that PCE number – we could see rates kicked up to a higher level.