Lions. IMPORTANT! “The Downstream Effect,” and this is not good.
From Greg M
Lions…
The 10-year yield is spiking this morning, and that is a concern. This is a warning shot across the bow of risk assets. Liquidity is drying up faster, and the bond market, as always, is speaking loud- we need to listen. The higher the yield climbs, the more pressure on equities, and with that stock futures are dropping.
Lions, what we are seeing is…
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