• Short and sweet this morning….The markets will be “thin” today…and next week.  However, even though they’ll be quiet, that does not mean there won’t be any important moves.
  • The stock market continues to ignore the Fed, but how long can it ignore the renewed rise in Treasury yields???  When the 2yr and 10yr Treasury note yields were trading at these same levels three months ago, the S&P 500 was trading more than 10% below where it is today.
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