We Are Now Facing Rising Costs Of Borrowing Due To A Spike In Rates

The banking sector issues stem from owning long fixed-income securities issued at low interest, notes George Schultze. He discusses how the market rally is being led by regional banks and Apple (AAPL) earnings. He notes that we are now facing rising costs of borrowing due to a spike in rates, and it is not clear yet whether JPMorgan's (JPM) purchase of FRC is good for JPM. He talks about when the Fed will pause rate hikes. He then previews next week's economic data as well as how the debt ceiling fight will impact market. Finally, he looks at investing strategies for volatile market. Tune in to find out more about the stock market today.