Beware the bully
The test for equity markets in the coming months will be when Trump’s tariffs start to filter through the US economy. In the meantime, keep an eye on the bond market
26 June 2025 - 05:00
The dip buyers have won — for now
For all the macroeconomic chaos we’ve endured so far in 2025, the S&P 500 is flat year to date and so is the US 10-year bond yield, with the bond performance being far more surprising than the equity rebound...
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