If Fed Hikes Continue Beyond June, Stocks Are Going To Have A Tough Time

If hikes extend beyond June, stocks will have a tough time digesting higher risk free rates, notes Zachary Hill. He discusses how the Fed raises rates 25BPS, bringing rates to a 16-year high. He talks about how the Fed said that tighter credit conditions are likely to weigh on the economy, hiring and inflation. He goes over how he remains more positive than the consensus on economic growth in the U.S., as betting against an employed consumer is a bad idea. Tune in to find out more about the Fed announcement and the stock market today.