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Did Bonds Just Bottom?

The Compound and Friends

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Did we already have a soft landing?

The economy has been experiencing a soft landing with modest job growth and wage gains, but there is still a possibility of heading into a recession. The recent jobs report showed 330,000 jobs added and a modest monthly wage gain of 0.2%. While the economy remains robust, wage growth is cooling off and prices are increasing. It's like a 'goldy locks' report - not too hot, not too cold. We shouldn't assume that we are in the clear, as there is still a chance of a recession.

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