Day

February 28, 2024

Monitoring the recent shift in market signals.

Over the last few weeks, small caps, Bitcoin, oil, and other market-based measures have moved higher alongside rising U.S. Treasury yields. The direction of these market signals, collectively, likely suggests expectations for growth and inflation are improving. Source: Koyfin.  If real economic activity were to accelerate, we would expect to see a continuation of the...
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