Nike’s Earnings Miss, Japan’s Semiconductor Purchase, and Markets in the Second Half of 2023 6/30/23
Morning Call
00:00
The Bear Market Rally
I think it's a bear market rally. We have an inverted yield curve of about 100 basis points right now. You've got disinflation, which is continuing to accelerate and that's just bad for corporate profits. What we have seen is uptick in liquidity in the beginning of the year. My sense is that's going to be bearish for stocks.
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