Announcement
Super Grannies and Market Update – June 30 Webinar Cancelled

Powell's comments create further bifurcation in fixed income. Odds hike by Dec new low of 25% but US 10-yr surges to touch 5%. Selling of equities is overdone.

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We discuss: Powell's comments at the Economic Club of NY caused a bifurcation in rates.  Odds of a hike by Dec tanked to a new low of 25% (57% two weeks ago) but he said one needs "humility" when looking at the long end.  That caused rates to surge.  Does anything really break at 5%? No.

Please click below to view our Macro Minute (Duration: 5:40).

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