09/17/26 Afternoon CommStock Report – Interest rates are Rising-Good News if you have Cash!

The Commstock Report is a twice daily market report. 09/17/2026 Interest rates are Rising-Good News if you have Cash! PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update The Fed raised its rates as expected by a quarter point but did it matter when the bond market had pre-empted the Fed trading higher interest to finance the government debt? The Fed sets short term rates that banks pay, but the bond market trumps even the Fed. The 10-year Treasury reached the 5% parameter, where Dr. Ed Yardeni says the stock market will begin to really care about rising interest rates. He reduced his upside target for the S&P for this calendar year to 7900. His 8400 target would come sometime next year. But the rise in interest rates must stop first. The 30-year mortgage rate topped 7%. The US Treasury did as we explained they said they would do by buying $6 bln in 30-year T-Bonds in an attempt to squelch the upward pressure in the yield curve. The Treasury intervention did not immediately stop the bond market rally.  President Trump has been very vocal in this demand that the Fed reduce rates and…