Weekly Update 20220723

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I’d love to animate that!

Little remarked on in the popular financial media, but the UST yield curve ended the week solidly inverted. Specifically, between the one and ten year maturities, with the one at 3.01% and the ten at 2.77%. That it’s not widely touted invests it with a little more meaning than usual … from a contrarian viewpoint the popular consensus on stocks feels less bearish than mere weeks ago. Wall Street wants to sell stocks.

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