The Message of the Markets, but Not the Market's Opinion

The message of the market right now is that economic growth is re accelerating here, and we went through a pretty punky one or two quarters where growth slowed. I think this low one forty on a mid one 35 neighborhood is going to be a big test for yeals. We're 20 months off the march 20 20 lows. That is not an unusual point for the curve to actually start to flatten. It just means that transition more from early cycle to mid cycle. And i think we're in groups like industrial, semis financials, or more midcycled groups.