10-Year Bond Yields Jump… Sectors to AvoidKeep your eye on bond yields. The US 10-year was up 19 bps as bond investors started to price is stickier inflation - and the possibility of the Fed being forced to move sooner than expected. Yep... lock it in
Your Cash Really is ‘Trash’ the next 12+ MonthsFed Chair Jay Powell has told you "your cash is trash". What's more - he is quite happy with that... as they hold a (monetary) gun to savers (and retirees) heads. Question - what are you going to do about it?
A ‘Dovish’ Fed Cuts Growth but Raises Inflation Outlook"Coming soon" is all the Fed could offer with respect to a definitive timeline on tapering their $120B monthly asset purchases. Suitably nebulous if you ask me... but the inflation risks are real.
