Below is a chart and excerpt from today's Early Look written by Macro analyst Christian Drake.
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Beyond highlighting the empirics around our uniquely American perpetual inequality generation engine, the Pelosi theatrics offer an entertainingly convenient segue to another Chappelle classic: “When Keeping It Real Goes Wrong” A sketch that policy makers, faced with an anomalous macro factor set they were (partially) complicit in cultivating, were again forced to hijack as a working policy mantra. 2Y Yields hit a 15Y highs yesterday while Real Rates continued their inexorable march northward. |
