Press Room

Morning Comment

July 15, 2019 Stocks continued to rally on Friday and most leading indices again closed at record high levels.

With long Treasury bond yield continuing to press higher, the 3-month to 10-year yield curve, which has been inverted for a few months, is very close to uninverting, perhaps even before the Federal Reserve lowers the Fed Funds rate by at least 25 basis points at the end of the month.  The changing shape of […]

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