Daily Note | Oct 26, 2023 | The Decline Continues
Summary
Nasdaq drops further into correction territory following strong GDP report and poor earnings.
Long-end of yield curve rallies after GDP report, indicating market doesn't expect more rate hikes.
PIMCO funds sell off, Barings Short Duration High Yield approaches -16% discount, Blackrock Credit Allocation looks interesting at -13% discount.
I just see …
