As Apple Goes, So Goes The Market?
MRKT Matrix
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The Perversion of Equity Rates
There's this ongoing perversion that if rates are low, that stocks go higher. And there's every indication that we are headed towards a recession or something like it. If that were the case always on the lows of COVID, when 10-year treasury yields were 35 basis points, the S&P should have gone to 9000. All things held equal.
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