What does that say about the markets and the economy?
Everything the Fed has communicated has had to do with raising interest rates . . . and it has raised rates several times.
Nevertheless, Treasury Inflation-Protected Securities (TIPs), as an asset class, are trending up again (over the last 6 months). Our asset allocation model adjusted holdings as of yesterday (Monday, July 16). Gold and International Stocks are also trending down, while US stocks, both large cap and small cap are trending up. Since we now have three asset classes in an uptrend, we are reducing cash to 5% of our portfolio allocation.