The Effects of Small Cap Tightening on Small Cap Performance

The bond market's concerned me for a couple of years now. I think it's broken, but that's my word I'm choosing to use. Two tends have gone from flat 111 basis points inverted, 38 basis points back to 105. And as we're sitting here, rise aside of 70-ish doesn't speak to a particularly healthy bond market. But what people seemingly worried about, and I've actually read about this, it's not the inversion that scares people. That is scary in and of itself. It's the re-steeping of the yield curve where things start to get a little dicey.

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