• The volume remains quite low.  (Yesterday’s volume in the SPY was the lowest of 2024!)  So, investors are sitting on their hands in front of this week’s further earnings reports, Fed meeting, and employment report. 
  • Just because higher long-term bond yields have not had an impact on the stock market yet, it does not mean it’s something that investors can ignore.  In fact, history tells us that higher yields are FREQUENTLY ignored for many months…only to create significant headwinds eventually. 


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