Author: UPFINA

Spreads are tight because of the easy Fed policy and the lack of expected risks in the economy.

This dot plot might be a misnomer because many FOMC members reacted to near term inflation

The 10 year yield usually falls after CPI peaks, but this time might be different because it was so obvious CPI would peak in May.

EPS growth peaked, as equities as a percentage of household assets just hit a record high.

This doesn’t mean stocks are immune from a correction. That’s why investors get paid a return above CDs.