If you have friends who don’t drink OJ and/or opt for air conditioning via Natural Gas during the summertime, all good. I guess the Fed would tell them to “eat an iPad” while they’re trying to get the Bond Market to believe in their “target.”

CHART OF THE DAY: Bonds Defying Fed - chart1

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CHART OF THE DAY: Bonds Defying Fed - large RC Banner5 29 2024

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