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Somebody's gonna be wrong

The Compound and Friends

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The Market Reacted Positively to the Fed's Rate Hikes

The PPI came in, it fell by half a percent. And I think it was expected to come in, what does that say? 0.1%. So this is a big downside surprise. Probably the first one we've had. It could have been if it went the wrong way. The 10 years up at decent amount today. Yeah, well, but I think it's because rate hike odds didn't come down, right? And yields have come down so much already this year. But it's a good thing.

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