Russia’s Game of Thrones, Small Caps’ Big Gains, and Legacy Media Meltdown 6/26/23
The Exchange
00:00
Bond Yields in the Back Half of the Year
The Amazon, the Teslas of the world and the discretionary sector have driven a lot of those gains. We just don't think that's going to continue in the back half of the year. It feels like when results and expectations just get so high, particularly as it relates to some areas of discretionary, they're just subject for disappointment When things just don't look as good as people might have expected. The tenure yield itself could breach 4% in the fall as investors come to conclusion that inflation's sticky and not coming down.
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