John Coumarianos’ chart of the day at Institutional Imperative. Coumarianos adds that it shows “the staggering run of bonds more than anything else.”
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He’s also unimpressed by housing data and finds a curious pattern in economic releases.
The debate over stock valuations rages on.
Stocks notched a solid gain last week as rate-cut expectations paced the rally as the Q1 earnings season wound down.
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