Surveillance: Purchasing Power with Meyer
Bloomberg Surveillance
00:00
The Nasdaq Is Ripping?
The closing low on the two-year, I think, was January 18th. Just north of 4%, 4.08%. We're higher by about 50 basis points since then. Over that same period, we've seen the Nasdaq absolutely rip us. What gives? My guess is the simple answer is you've had a reversal from really extreme positioning at the end of 22 and that hasn't clearly ended yet.
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