Daily Note | October 29, 2024 | Sell BHK, Trimmed RSF, PIMCO Resilient

Markets are mixed this morning as we enter the meat of earnings season. Meanwhile, interest rates continue to move higher almost uninterrupted since the Federal Reserve cut rates last month. The 10-year hit new 3-month highs of 4.33%, and is now up 70 bps from the lows in early September.

So far, the move higher in rates has not tripped up the stock mark…