I will be traveling over the next few days, so I won’t be publishing again until Friday. With this in mind, we wanted to send out a very quick “Evening Comment” today. We will be back publishing Friday morning…and our weekend piece will come out at its regularly scheduled time..…….Thank you.
The Treasury market is getting oversold and over-hated on a near-term basis again.
Credit spreads are starting to widen out…so they need to be monitored.
To reiterate, the stock market pretty much always ignores a quick/sharp in rise in yields…until it doesn’t.
