On Friday, the monthly unemployment report was far better than expected, leading many to believe that a June interest rate hike is now imminent.  Investors were hoping a rate hike would not occur until September or December.  Will the first hike result in a market collapse? 

On May 22nd, Fed Chair Janet Yellen explicitly stated that an interest rate hike at some point this year is appropriate.  Since then, the majority of good economic reports have led to market selloffs and most of the bad ones have led to market rallies (oddly enough). Investors are itching to see if that means there will be a rate hike in June, September, or December. Meanwhile, they are doing everything they can to squeeze the last breath out of this bull market, as they expect the market to collapse as soon as the first hike occurs.

Here is a brief update on the Dittotrade follow program I will be starting.  In order to follow you need to be diamond+ member.