A large divergence has formed between stocks and bonds which
may not be a great sign for bulls. From the current level of
real rates, the S&P 500 is 2.5x too expensive according to
JP Morgan |
00:01 -
03/03/23 |
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There are signs that lower-wage workers are finally getting
an upper hand with respect to wage gains, with lower earners
earning the biggest pay raises versus higher earners in
decades |
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U.S. 2-year yields once again touch the highest levels since
2007. This follows German CPI coming in hotter than
expected, with a preliminary read of 9.3% in February year
over year |
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Mortgage Rates ready to surpass 7% again |
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Panama Breakthrough Adds to Good News for Global Copper
Supplies |
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