- After three straight weeks of gains, US Equities are poised to take the lead from Real Estate.
- FAANG stocks are up more than 26% ytd. The continued rally in those previous high flyers is like tech stock behavior coming out of the 1998 correction.
- Recent data from China supports a story of economic stabilization – providing a bid for equity prices.
- Economist Mohamed El-Erian criticizes Fed for growing becoming too dovish so quickly in an overheating economy. Prices for longer duration Treasuries declined.
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