10Y S&P 500

Why One Bank Is Still Bullish On Stocks (And Bearish On The Long End)

A tug-of-war is developing between two competing narratives on US Treasurys. On one side are those who, like Bloomberg’s Mark
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1 comment on “Why One Bank Is Still Bullish On Stocks (And Bearish On The Long End)

  1. Walter L.

    H:
    Life is a bit more simple out here on the farm in Eastern Oregon.
    1. Federal hiring freeze-loss of jobs;
    2. Cuts to various agencies in proposed budget-loss of jobs;
    3. Proposed cuts to the ACA-loss of jobs;
    I suppose a person could respond that there will be a massive infrastructure bill. I would imagine it just as likely that the next two or three months will be the peak in employment during this cycle. Rates might move up a little more; but by this time next year, could be moving back down. I just don’t see inflation creeping into either commodities nor wages.

    On the hand, I continue to plant wheat knowing the return isn’t there at this time. So, what do I know. It becomes a habit.

    W

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