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Dissecting the Tech Wreck
What Goes Up
Is There a Slow Grind Higher in Rates?
A slow grind higher in rates should be relatively sily absorbed by equities, but a lot of that depends on what's happening with the curve. As long as the two year treasury remains somewhat anchored and only goes up incrementally, we have three hikes in the fed funds rate over the course of the year. So it's really almost impossible to just isolate that tenure and say, here's its impact by itself because it really is.
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