Closing Bell: As Good As It Gets? 6/2/23
Closing Bell
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The Fed's Expectations for the Second Quarter
Growth stocks have diverged from real yields, which means they're levitating at a valuation level that's not consistent with the level of yields. I think Cameron hit something will write on the head with regard to the treasury. They need to replenish the TGA and that's probably in the magnitude of about the 700 billion number. And we will move back towards watching the Fed at the end of the day, they have a problem. Inflation has proven to be stubbornly resilient.
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