The stock market crashed on Monday due to major fears over rising interest rates. The 10 year treasury yield is back above 3%, and CME futures are pricing in a 75 basis point interest rate hike at the Fed Meeting in September. This video explains the reasons why interest rates rose on Monday, including renewed inflation fears, commodity prices rising, the possibility of a wage growth spiral, and new fears over Russia shutting down natural gas deliveries to Europe. In addition, we cover the stock market news including Zoom earnings and more layoffs from Ford.
