January 2017

Although the first three weeks of the year weren’t inconsequential, investors were understandably eager to react to Trump’s first week in office. One of the most notable developments was a break higher for stock prices after weeks of stagnation. This had the unfortunate effect of pushing bond yields (aka “rates”) even higher.
Source: Kevin Litwicki Universal Lending
Rising Rates, Higher Prices, and Record Low Inventories

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