Soft wage data and the decline in ISM services (see prior tweets) are having quite an impact on the bond market where Treasury yields are sharply lower across the curveβthis as markets rush to price in both a less aggressive Fed and economic growth more vulnerable to downside
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Meanwhile, equity prices are surging as the former obfuscates the latter in that market segment.
#markets #growth #bonds #stocks #economy #fed #federalreserve #inflation #recession #fed #FederalReserve
Meanwhile, equity prices are surging as the former obfuscates the latter in that market segment.
#markets #growth #bonds #stocks #economy #fed #federalreserve #inflation #recession #fed #FederalReserve
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