Stocks Stumble After Lockhart Echoes Williams, Warns "Rate Hikes Justified As Early As April"

Seemingly echoing Fed's Williams earlier hawkish comments, Atlanta Fed's Lockhart notes that full employment is "getting closert and closer," and warns that "rate hikes are justified in 2016, possibly soon,"

  • *LOCKHART SAYS RATE HIKE JUSTIFIED AS EARLY AS APRIL FOMC

It is clear the messagge that is being sent - don't keep buying stocks in anticipation of our 'put' (but don't sell 'em below 2000 either).

Or is it a desperate attempt to reclaim some lost credibility?

So less than a week after what Gundlach calls a "Dovefest" Lockhart unleashes this complete bullshit...

 

 

The big question is - given these comments - why did they choose not to dissent last week? Too lazy, too ignorant, or too herd-like?

And why did they come out today after an abysmal housing print with such 'positive' commentary?