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Charlie Bilello, chief market strategist at Creative Planning, notes the Federal Reserve began its rate-cutting cycle in September 2024 when the 30-year Treasury yield was below 4 percent.
Bilello highlights that despite a total of 175 basis points in cuts, the 30-year yield has climbed to 5.3 percent, its highest level since 2007, suggesting persistent inflation pressures.
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Bilello regularly shares market trends and data with a large investor audience in his weekly letter highlighting key charts and themes. Previously, he reported that S&P 500 second-quarter earnings were set for a 47% year-over-year increase, the fastest since Q2 2021. His analyses often focus on major indices and macroeconomic developments.